Massachusetts Mutual Life Insurance Sustainability Profile
Massachusetts Mutual Life Insurance Company, commonly known as MassMutual, is a prominent player in the insurance and financial services industry, headquartered in Springfield, Massachusetts, USA. Founded in 1851, the company has a rich history marked by significant milestones, including its mutual ownership structure, which prioritises policyholders' interests. MassMutual offers a diverse range of products, including life insurance, retirement planning, and investment solutions, distinguished by their commitment to financial security and customer service. The company is recognised for its strong market position, consistently ranking among the top life insurers in the United States. With a focus on innovation and customer-centric solutions, MassMutual continues to adapt to the evolving needs of its clients across major operational regions, ensuring a legacy of trust and reliability in financial protection.
DitchCarbon Score
How does Massachusetts Mutual Life Insurance'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 Business Services 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 Mutual Life Insurance's score of 25 is lower than 57% 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 Mutual Life Insurance's reported carbon emissions
In 2023, Massachusetts Mutual Life Insurance (MassMutual) reported total carbon emissions of approximately 21,302,000 kg CO2e in the US. This figure includes 7,690,000 kg CO2e from Scope 1 emissions and 6,163,000 kg CO2e from Scope 2 emissions (market-based). The company has set an ambitious interim target to reduce its absolute Scope 1 and Scope 2 emissions by 72% by 2027, using 2019 as the baseline year. This commitment reflects MassMutual's dedication to addressing climate change and reducing its carbon footprint. In comparison, in 2022, MassMutual's total emissions in the US were approximately 23,721,000 kg CO2e, with Scope 1 emissions at 8,320,000 kg CO2e and market-based Scope 2 emissions at 11,365,000 kg CO2e. This indicates a reduction in emissions from 2022 to 2023, aligning with their climate commitments. MassMutual's climate strategy is not cascaded from any parent organisation, indicating that their emissions data and reduction targets are independently established. The company continues to focus on sustainability initiatives to further enhance its environmental performance.
How Carbon Intensive is Massachusetts Mutual Life Insurance's Industry?
How Carbon Intensive is Massachusetts Mutual Life Insurance's Location?
Massachusetts Mutual Life Insurance'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 Mutual Life Insurance 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.
