Manulife Investment Management Limited

Manulife Investment Management Limited, a Canadian financial intermediation services company, reported total emissions of approximately 596.5 million kg CO2e in 2024. This figure comprises about 59.1 million kg CO2e from Scope 1 emissions, 16.2 million kg CO2e from Scope 2 emissions, and 520.2 million kg CO2e from Scope 3 emissions.

In 2023, the company's total emissions were approximately 600.8 million kg CO2e, with Scope 1 at 66.7 million kg CO2e, Scope 2 at 20.7 million kg CO2e, and Scope 3 at 513.4 million kg CO2e. In 2022, total emissions were around 618.5 million kg CO2e, consisting of approximately 47.7 million kg CO2e (Scope 1), 18.9 million kg CO2e (Scope 2), and 551.9 million kg CO2e (Scope 3). For 2021, total emissions stood at approximately 337.4 million kg CO2e, including 35.6 million kg CO2e (Scope 1), 106.2 million kg CO2e (Scope 2), and 195.7 million kg CO2e (Scope 3).

Manulife Investment Management Limited has set ambitious climate commitments. The company aims to reduce its Scope 1 and Scope 2 emissions by 40% by 2035, using 2019 as the baseline year. Furthermore, it aims to achieve near-zero Scope 1 and Scope 2 emissions by the middle of this decade (2025). As a real estate owner and operator, the company has also set a long-term target to reduce its carbon output across its real estate portfolio by 80% by 2050 for both Scope 1 and Scope 2 emissions, with a start year of 2023. Emissions and climate commitments are specific to Manulife Investment Management Limited.