Old Mutual Sustainability Profile
Old Mutual Limited, a leading financial services group headquartered in South Africa (ZA), has been a cornerstone of the industry since its founding in 1845. With a strong presence across Southern Africa, the UK, and other international markets, Old Mutual operates primarily in the insurance, investment, and banking sectors. The company offers a diverse range of products, including life insurance, asset management, and retirement solutions, distinguished by their customer-centric approach and innovative technology. Old Mutual's commitment to sustainability and community development further enhances its reputation, positioning it as a trusted partner in financial well-being. With over 175 years of experience, Old Mutual has achieved significant milestones, including its listing on the Johannesburg Stock Exchange, solidifying its status as a market leader in the financial services landscape.
DitchCarbon Score
How does Old Mutual'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
Old Mutual's score of 19 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Old Mutual's reported carbon emissions
In 2023, Old Mutual, headquartered in South Africa (ZA), reported total carbon emissions of approximately 210,109,000 kg CO2e. This figure includes 9,107,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 60,208,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 244,875,000 kg CO2e, fall under Scope 3, which includes emissions from business travel (14,229,000 kg CO2e), purchased goods and services (34,000 kg CO2e), waste generated in operations (2,320,000 kg CO2e), and fuel and energy-related activities (7,080,000 kg CO2e). Comparatively, in 2022, Old Mutual's total emissions were approximately 206,448,000 kg CO2e, indicating a slight increase in emissions year-on-year. The company has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges, which suggests a need for further commitment to climate action. Old Mutual's emissions data is sourced directly from Old Mutual Limited, with no cascaded data from parent or related organizations. The company continues to report its emissions transparently, reflecting its engagement with climate-related disclosures.
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| 2020 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 4,168,000 |
How Carbon Intensive is Old Mutual's Industry?
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Old Mutual'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.
Old Mutual has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
