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Financial Intermediation
US
updated a month ago

Massachusetts Financial Services Company

Company website

Massachusetts Financial Services Company, commonly known as MFS, is a prominent investment management firm headquartered in the United States. Established in 1924, MFS has a rich history of innovation in the financial services industry, being one of the first firms to offer mutual funds. With a strong presence in major operational regions across North America, Europe, and Asia, MFS focuses on delivering high-quality investment solutions. The company’s core offerings include equity, fixed income, and multi-asset strategies, distinguished by a commitment to active management and rigorous research. MFS is recognised for its disciplined investment approach and has achieved notable milestones, including significant assets under management and a reputation for excellence in client service. As a leader in the investment management sector, MFS continues to shape the future of finance with its forward-thinking strategies and client-centric philosophy.

DitchCarbon Score

How does Massachusetts Financial Services Company'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.

24

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.

27

Industry Benchmark

Massachusetts Financial Services Company's score of 24 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.

42%

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Massachusetts Financial Services Company's reported carbon emissions

In 2023, Massachusetts Financial Services Company (MFS) reported significant carbon emissions, totalling approximately 22,346,392,000 kg CO2e for Scope 1, 4,742,244,000 kg CO2e for Scope 2, and a substantial 224,845,500,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and Scope 2 emissions reached about 19,724,726,000 kg CO2e. MFS's emissions data is cascaded from its parent company, Sun Life Financial Inc., reflecting a corporate family relationship. However, MFS has not established specific reduction targets or climate pledges as part of its sustainability initiatives. The company is committed to addressing its carbon footprint, but as of now, it lacks defined reduction initiatives or targets, indicating a need for further development in its climate strategy.

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2023
Scope 1
22,346,392,000
Scope 2
4,742,244,000
Scope 3
224,845,500,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Massachusetts Financial Services Company's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Massachusetts Financial Services Company is in US, which has a low grid carbon intensity relative to other regions.

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.

Massachusetts Financial Services Company 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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