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Milliman, Inc., a leading global consulting firm, is headquartered in the United States and operates extensively across North America, Europe, and Asia. Founded in 1947, Milliman has established itself in the insurance and pension funding services sector, specifically excluding compulsory social security services.
The firm offers a range of core products and services, including actuarial consulting, risk management, and technology solutions, which are distinguished by their data-driven approach and innovative methodologies. Milliman's commitment to delivering tailored solutions has positioned it as a trusted partner for clients navigating complex financial landscapes.
With a strong market presence, Milliman has achieved notable recognition for its expertise in the insurance and pension industries, consistently ranking among the top firms in its field. Its dedication to client success and industry leadership continues to drive its growth and influence in the sector.
69
DitchCarbon score
+30 vs industry average
Milliman’s score of 69 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Milliman's reported carbon emissions
Milliman, a US-headquartered company in the Insurance and pension funding services sector, reported total carbon emissions of approximately 48,978,000 kg CO2e in 2024. This comprised 1,478,000 kg CO2e from Scope 1, 4,952,000 kg CO2e from Scope 2, and 42,548,000 kg CO2e from Scope 3.
Looking back, their total emissions were about 44,953,000 kg CO2e in 2023, and approximately 34,311,000 kg CO2e in 2022. Their historical emissions show a total of around 17,188,000 kg CO2e in 2021, 27,787,000 kg CO2e in 2020, and 64,944,000 kg CO2e in 2019.
Milliman has set ambitious climate targets validated by the Science Based Targets initiative (SBTi). They are committed to reaching net-zero greenhouse gas emissions across their value chain by 2040. As part of this, Milliman aims to reduce absolute Scope 1, 2, and 3 GHG emissions by 46.2% by 2030 from a 2019 base year. For the long-term, they are targeting a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions by 2040, also from a 2019 base year.
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Milliman’s Climate Goals (2030 & 2050)
3 goals2030
46.2% reduction in scope 3 total
Milliman commits to reduce absolute scope 3 GHG emissions 46.2% by 2030 from a 2019 base year.
Behind target46.2%
2030
46.2% reduction in Scope 1
Milliman commits to reduce absolute scope 1 GHG emissions 46.2% by 2030 from a 2019 base year.
Behind target46.2%
2030
46.2% reduction in Scope 2
Milliman commits to reduce absolute scope 2 GHG emissions 46.2% by 2030 from a 2019 base year.
Behind target46.2%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Milliman4 months ago
69
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Frequently asked questions
Common questions about Milliman’s sustainability data and climate commitments
Usage policy
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