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 55 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Manulife's reported carbon emissions
In 2023, Manulife reported total carbon emissions of approximately 450,046,000 kg CO2e, with emissions distributed across various scopes: 17,936,000 kg CO2e (Scope 1), 102,442,000 kg CO2e (Scope 2), and 450,046,000 kg CO2e (Scope 3). This reflects a significant commitment to transparency in their emissions reporting, covering all three scopes. Over the years, Manulife has demonstrated a proactive approach to reducing its carbon footprint. The company has set a long-term net-zero target, committing to achieve this by 2050 across all scopes of emissions. This commitment aligns with the Science Based Targets initiative (SBTi), which underscores their dedication to climate action. In 2022, Manulife's total emissions were approximately 482,445,000 kg CO2e, indicating a focus on reducing emissions over time. The company has also been involved in various initiatives aimed at improving sustainability and reducing greenhouse gas emissions, particularly in their operational practices. Manulife's ongoing efforts reflect a broader industry trend towards sustainability, with financial institutions increasingly recognising the importance of addressing climate change through measurable targets and transparent reporting.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 32,468,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 156,642,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 180,000,000 | 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 committed to some reduction initiatives 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.
