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Public Profile
Financial Intermediation
CA
updated 24 days ago

Manulife

Company website

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.

54

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.

27

Industry Benchmark

Manulife's score of 54 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.

75%

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Manulife's reported carbon emissions

In 2024, Manulife reported total carbon emissions of approximately 123,897,000 kg CO2e for Scope 1 and 85,357,000 kg CO2e for Scope 2, resulting in combined emissions of about 205,595,000 kg CO2e. This marks a reduction from 2023, where emissions were approximately 140,202,000 kg CO2e for Scope 1 and 102,442,000 kg CO2e for Scope 2, totalling around 242,644,000 kg CO2e. Manulife has committed to achieving a net zero investment portfolio for its General Account by 2050, a target that aligns with global climate change mitigation efforts. This commitment encompasses all scopes of emissions and reflects the company's long-term strategy to reduce its carbon footprint. The company is also a member of the Science Based Targets initiative (SBTi), reinforcing its dedication to climate action. Historically, Manulife's emissions have fluctuated, with significant figures recorded in previous years, such as 162,749,000 kg CO2e in Scope 1 and 109,442,000 kg CO2e in Scope 2 for 2021. The organization has not disclosed Scope 3 emissions data in recent reports, focusing instead on direct and indirect emissions from its operations. Overall, Manulife's ongoing efforts and commitments demonstrate a proactive approach to addressing climate change, with a clear pathway towards achieving its net zero goals by 2050.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2012201320142015201620172018201920202021202220232024
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
00,000,000
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Manulife's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Manulife is in CA, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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