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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 54 is higher than 73% 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 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 240,642,000 kg CO2e, with Scope 1 at 140,202,000 kg CO2e and Scope 2 at 102,442,000 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 on track to meet its targets, having established a timeline that began in 2023. The emissions data is sourced directly from Manulife Financial Corporation, with no cascading from a parent organization. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from sources such as business travel and purchased goods and services. Overall, Manulife's climate commitments and emissions data demonstrate a proactive approach to sustainability and a clear pathway towards reducing its environmental impact.
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 | 00,000,000 | - | - | - |
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.
