Massachusetts Financial Services Company Sustainability Profile
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 27 is lower than 55% 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 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 2 emissions reached about 19,724,726,000 kg CO2e. MFS has not disclosed any specific reduction targets or initiatives, nor does it appear to have set Science-Based Targets Initiative (SBTi) commitments. The emissions data is cascaded from its parent company, Sun Life Financial Inc., reflecting the broader corporate family's climate impact. As a current subsidiary, MFS is part of an industry that is increasingly scrutinised for its environmental footprint, particularly in the financial sector, where investment portfolios can significantly influence global carbon emissions. The absence of specific reduction targets highlights a potential area for improvement in their climate commitments.
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| 2023 | |
|---|---|
| Scope 1 | 22,346,392,000 |
| Scope 2 | 4,742,244,000 |
| Scope 3 | 224,845,500,000 |
How Carbon Intensive is Massachusetts Financial Services Company's Industry?
How Carbon Intensive is Massachusetts Financial Services Company's Location?
Massachusetts Financial Services Company's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Massachusetts Financial Services Company has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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