Manulife
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 58 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Manulife's reported carbon emissions
In 2023, Manulife reported total carbon emissions of approximately 450,046,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 450,046,000 kg CO2e. Scope 1 emissions were reported at approximately 17,936,000 kg CO2e, while Scope 2 emissions totalled about 102,442,000 kg CO2e (market-based). The combined Scope 1 and 2 emissions reached approximately 122,463,000 kg CO2e. Manulife has set ambitious climate commitments, aiming for a net-zero investment portfolio for its General Account by 2050. Additionally, the company is focused on reducing absolute Scope 1 and Scope 2 emissions by 40% by 2035, with an immediate emphasis on decarbonising its owned and operated assets. This commitment reflects a long-term strategy to mitigate climate change impacts and aligns with industry standards for sustainability. Overall, Manulife's emissions data and climate commitments demonstrate a proactive approach to addressing carbon emissions and contributing to global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 28,492,000 | 000,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 146,904,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 000,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Manulife is participating in some 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.
