Mandatum
Mandatum, officially known as Mandatum Life Insurance Company Limited, is a prominent player in the Finnish financial services sector, headquartered in Helsinki, Finland. Established in 1998, the company has evolved significantly, focusing on life insurance, asset management, and pension solutions. With a strong presence in the Nordic region, Mandatum is renowned for its innovative approach to life insurance and investment products, catering to both individual and corporate clients. The company’s unique offerings include tailored insurance solutions and comprehensive wealth management services, designed to meet diverse client needs. Mandatum has achieved notable recognition in the industry, positioning itself as a trusted partner in financial security and investment growth. Its commitment to customer-centric solutions and sustainable practices underscores its reputation as a leader in the Finnish market.
DitchCarbon Score
How does Mandatum's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Mandatum's score of 46 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mandatum's reported carbon emissions
In 2023, Mandatum reported total carbon emissions of approximately 2,226,600 kg CO2e, with emissions distributed across various scopes: 23,900 kg CO2e (Scope 1), 121,200 kg CO2e (Scope 2), and 2,206,500 kg CO2e (Scope 3). The Scope 3 emissions include significant contributions from purchased goods and services (243,300 kg CO2e), business travel (373,400 kg CO2e), and employee commuting (232,100 kg CO2e). The total emissions for Scope 1 and 2 combined were about 318,000 kg CO2e. Mandatum has set ambitious near-term climate commitments, aiming to increase the share of carbon-neutral production in its electricity to 99% and in heat to 85% by 2025. These targets apply to both Scope 1 and Scope 2 emissions, reflecting the company's commitment to reducing its carbon footprint. The emissions data for previous years shows a trend of increasing Scope 3 emissions, with 442,000 kg CO2e reported in 2022 and a total of 1,427,592,000 kg CO2e in 2021, indicating a need for enhanced sustainability measures. Mandatum's emissions data is not cascaded from any parent organization, ensuring that the reported figures are specific to Mandatum Oyj. Overall, Mandatum's climate commitments and emissions data highlight its proactive approach to sustainability and carbon neutrality in the coming years.
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| 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 00,000 | - | 00,000 |
| Scope 2 | 108,000 | 000,000 | - | 000,000 |
| Scope 3 | 463,000 | 000,000 | 000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Mandatum is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
