Manulife Financial Corp. US Operations
Manulife Financial Corporation, commonly referred to as Manulife, is a leading financial services provider headquartered in the United States. With significant operations across major regions, including the Northeast and Midwest, Manulife has established a strong presence in the insurance and investment sectors since its founding in 1887. The company offers a diverse range of products and services, including life insurance, retirement solutions, and wealth management, distinguished by their customer-centric approach and innovative technology. Manulife's commitment to sustainability and financial wellness has positioned it as a trusted partner for individuals and businesses alike. Recognised for its robust market position, Manulife continues to achieve notable milestones, reinforcing its reputation as a key player in the financial industry.
DitchCarbon Score
How does Manulife Financial Corp. US Operations'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 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 Financial Corp. US Operations's score of 9 is lower than 100% 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 Financial Corp. US Operations's reported carbon emissions
In 2022, Manulife Financial Corp. US Operations reported total carbon emissions of approximately 1,121,000,000 kg CO2e. This figure includes Scope 1 emissions of about 121,418,000 kg CO2e, Scope 2 emissions of approximately 109,250,000 kg CO2e (market-based), and significant Scope 3 emissions, which totalled around 1,000,000,000 kg CO2e. The Scope 3 emissions breakdown includes 24,139,000 kg CO2e from capital goods, 6,464,000 kg CO2e from business travel, and 309,940,000 kg CO2e from downstream leased assets, among others. Comparatively, in 2021, the company reported total emissions of about 1,174,000,000 kg CO2e, indicating a reduction in emissions year-on-year. The Scope 1 emissions for 2021 were approximately 162,749,000 kg CO2e, while Scope 2 emissions (market-based) were around 109,442,000 kg CO2e. Despite these figures, Manulife Financial Corp. US Operations has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or SBTi targets. The company’s emissions data is not cascaded from a parent organization, ensuring that the reported figures are solely reflective of its own operations. Overall, while Manulife Financial Corp. US Operations has made strides in reducing its carbon footprint, the lack of formal reduction commitments suggests an area for potential growth in its climate strategy.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 150,672,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 113,249,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 375,426,000 | 000,000,000 | 0,000,000,000 |
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 Financial Corp. US Operations is not participating in any 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.
