Mandg Sustainability Profile
M&G plc, commonly referred to as M&G, is a prominent investment management firm headquartered in Great Britain. Established in 1931, M&G has evolved into a key player in the financial services industry, with a strong presence across Europe and Asia. The company offers a diverse range of investment solutions, including asset management, savings, and retirement products, distinguished by their commitment to responsible investing and sustainable practices. With a rich history marked by significant milestones, M&G has consistently positioned itself as a leader in the market, managing billions in assets for both institutional and retail clients. Its innovative approach to investment strategies and focus on long-term value creation have earned M&G a reputation for excellence in the competitive landscape of asset management.
DitchCarbon Score
How does Mandg'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
Mandg's score of 39 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mandg's reported carbon emissions
In 2023, M&G reported total carbon emissions of approximately 7,996,000 kg CO2e globally. This includes 595,000 kg CO2e from Scope 1 emissions, 108,000 kg CO2e from Scope 2 (market-based), and a significant 7,293,000 kg CO2e from Scope 3 emissions, primarily driven by business travel at 7,139,000 kg CO2e. In the UK, M&G's emissions for the same year were about 471,000 kg CO2e for Scope 1 and 25,000 kg CO2e for Scope 2 (market-based). Comparatively, in 2022, M&G's global emissions were reported at 4,505,000 kg CO2e, with Scope 1 emissions at 1,472,000 kg CO2e and Scope 3 emissions at 2,940,000 kg CO2e. The UK figures for 2022 showed Scope 1 emissions of 1,309,000 kg CO2e and Scope 2 emissions of 11,000 kg CO2e (market-based). M&G has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The company continues to monitor and report its emissions, focusing on transparency and accountability in its climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,187,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 1,976,000 | 0,000,000 | 000,000 | 00,000 | 000,000 |
| Scope 3 | 9,922,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Mandg's Industry?
How Carbon Intensive is Mandg's Location?
Mandg's Scope 3 Categories Breakdown
Mandg's Scope 3 emissions, which increased by 148% last year and decreased by approximately 26% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 98% of Scope 3 emissions.
Top Scope 3 Categories
Mandg's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Mandg has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
