Manulife Investment Management Limited

Manulife Investment Management Limited's reported carbon emissions

Manulife Investment Management Limited, headquartered in Canada and operating in financial intermediation services, has reported significant carbon emissions across its operations. For the reporting year 2024, the total calculated emissions were approximately 630.2 million kg CO2e. This figure comprises Scope 1 emissions of about 59.1 million kg CO2e, Scope 2 emissions of approximately 16.2 million kg CO2e, and Scope 3 emissions totalling around 520.2 million kg CO2e. In 2023, total emissions were approximately 600.7 million kg CO2e, with Scope 1 at roughly 66.7 million kg CO2e, Scope 2 at about 20.7 million kg CO2e, and Scope 3 at approximately 513.4 million kg CO2e. The company has established ambitious climate commitments. It aims to reduce absolute Scope 1 and Scope 2 emissions by 40% by 2035, relative to a 2019 baseline, with a particular focus on decarbonising assets it owns and operates. Furthermore, for its real estate portfolio, Manulife aims to reduce carbon output by 80% by 2050. More immediately, the company targets reducing its Scope 1 emissions to near zero by the middle of this decade (2025). Similar near-term goals are in place for Scope 2 emissions. Manulife Investment Management Limited's emissions data is cascaded from its parent organisation, Manulife Financial Corporation.