Massachusetts Financial Services Company
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.
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
Massachusetts Financial Services Company's score of 32 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 across all scopes. This includes about 22,346,392,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and approximately 4,742,244,000 kg CO2e from Scope 2 emissions. The company also reported substantial Scope 3 emissions, amounting to about 224,845,500,000 kg CO2e, with business travel contributing approximately 2,124,700 kg CO2e. MFS has not disclosed specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. The emissions data is cascaded from its parent company, Sun Life Financial Inc., indicating a corporate family relationship that influences MFS's environmental reporting. Overall, while MFS has made strides in transparency regarding its carbon footprint, the lack of defined reduction initiatives highlights an area for potential improvement in its climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 900 | 0,000 | 00,000 | 00,000 | 00,000,000,000 |
| Scope 2 | - | - | - | - | 0,000,000,000 |
| Scope 3 | 2,298,100 | 000,000 | 000,000 | 0,000,000 | 000,000,000,000 |
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.
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.
