Manulife Sustainability Profile
Manulife Financial Corporation, commonly known as Manulife, is a leading international financial services group headquartered in Canada. Established in 1887, the company has grown to become a prominent player in the insurance and investment sectors, with significant operations across North America and Asia. Manulife offers a diverse range of products, including life insurance, health insurance, and wealth management solutions, distinguished by their customer-centric approach and innovative technology. The company is recognised for its strong market position, consistently ranking among the top insurers in Canada and making notable strides in the Asian market. With a commitment to sustainability and community engagement, Manulife continues to evolve, ensuring it meets the changing needs of its clients while maintaining a legacy of trust and reliability.
DitchCarbon Score
How does Manulife'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
Manulife's score of 57 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Manulife's reported carbon emissions
In 2024, Manulife reported total carbon emissions of approximately 205,595,000 kg CO2e, comprising 123,897,000 kg CO2e from Scope 1 and 85,357,000 kg CO2e from Scope 2 emissions. This marks a reduction from 2023, where emissions were about 242,644,000 kg CO2e (140,202,000 kg CO2e from Scope 1 and 102,442,000 kg CO2e from Scope 2). The company has committed to achieving a net zero investment portfolio for its General Account by 2050, a target reaffirmed in both 2023 and 2024 reports. Manulife's emissions data is sourced directly from the organisation, with no cascading from a parent company. The company has also engaged with the Science Based Targets initiative (SBTi) to align its climate commitments with global standards, committing to net zero across all scopes by 2050. Overall, Manulife's climate strategy reflects a proactive approach to reducing its carbon footprint while contributing to broader climate change mitigation efforts.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 14,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 126,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | - | - | - |
How Carbon Intensive is Manulife's Industry?
How Carbon Intensive is Manulife's Location?
Manulife's Scope 3 Categories Breakdown
Manulife's Scope 3 emissions, which decreased by 38% last year and increased significantly since 2013, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 45% of total emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 86% of Scope 3 emissions.
Top Scope 3 Categories
Manulife'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.
Manulife has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Nationwide Life Insurance Company
Canadian Imperial Bank Of Commerce
Hartford
Travelers
Prudential Financial
Frequently Asked Questions
Common questions about Manulife's sustainability data and climate commitments