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 122,463,000 kg CO2e, comprising 34,786,000 kg CO2e from Scope 1, 87,677,000 kg CO2e from Scope 2, and 42,201,000 kg CO2e from Scope 3 emissions. This reflects a significant commitment to reducing their carbon footprint, as they have set a long-term target to achieve net-zero emissions across all scopes by 2050, in line with the Science Based Targets initiative (SBTi). Over the years, Manulife's emissions have varied, with total emissions recorded at approximately 175,396,000 kg CO2e in 2017, decreasing to about 127,205,000 kg CO2e in 2020. This trend indicates a proactive approach to emissions management. The company has disclosed emissions across all three scopes, demonstrating transparency in their reporting. Manulife's climate commitments include a near-term target status of "Committed" towards achieving net-zero emissions, with a deadline for submission of specific targets set for May 2023. Their ongoing initiatives reflect a strong dedication to sustainability within the financial services sector, aiming to mitigate climate impact while enhancing operational efficiency.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 | 0,000,000 | 0,000,000 | 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 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.
