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Momentum Metropolitan Holdings
Financial IntermediationSouth AfricaJNB: MTM.JO
Last verified 1 year agomomentumgroupltd.co.za
Momentum Metropolitan Holdings Limited, often known as Momentum Metropolitan or MMH, is a prominent South African financial services group. Headquartered in South Africa (ZA), the company maintains a significant international footprint with operations spanning across Africa, Asia, and Europe. Formed in 2010 from the merger of Momentum (established 1966) and Metropolitan (established 1897), MMH brings together a rich heritage in financial intermediation.
As one of South Africa's largest financial services providers, Momentum Metropolitan offers a comprehensive suite of solutions. Its core business areas encompass life and short-term insurance, asset management, investment products, health solutions, and retirement funding. MMH is dedicated to empowering individuals and institutions to achieve their financial well-being through client-centric advice and innovative product offerings tailored for diverse market needs.
35
DitchCarbon score
-2 vs industry average
Momentum Metropolitan Holdings’s score of 35 is higher than 50% 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
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
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.
Momentum Metropolitan Holdings's reported carbon emissions
Momentum Metropolitan Holdings, a financial intermediation services company headquartered in South Africa, reported total carbon emissions of 55,518,000 kg CO2e in 2023. This comprised 3,568,000 kg CO2e from Scope 1 emissions, 40,437,000 kg CO2e from Scope 2 emissions, and 11,513,000 kg CO2e from Scope 3 emissions. In the previous year, 2022, their total emissions were 51,955,000 kg CO2e, with 1,722,000 kg CO2e from Scope 1, 42,027,000 kg CO2e from Scope 2, and 8,206,000 kg CO2e from Scope 3.
Momentum Metropolitan Holdings has committed to achieving net zero emissions by 2050 at the latest. The company also aims to reduce its combined Scope 1 and Scope 2 emissions by 25% by 2030, using a 2014 baseline. Furthermore, it has set near-term targets to achieve net zero Scope 1 emissions and net zero Scope 2 emissions by 2025.
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Momentum Metropolitan Holdings’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
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
Not 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
See details
Not 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
Momentum Metropolitan Holdings1 year ago
35
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