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OrganisationsOld Mutual
Old Mutual logo

Old Mutual

Financial IntermediationSouth AfricaLSE: OMU.L
Last verified 29 days agooldmutual.com

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.

52
DitchCarbon score

+17 vs industry average

Old Mutual’s score of 52 is higher than 68% 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

0.062
20192025

The Financial Intermediation industry has increased its overall emissions by 11% since 2019

Emissions trajectory 2020 – 2028

000.0M000.0M000M00.0M0

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202020212022202320242025202620272028

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.

Old Mutual's reported carbon emissions

Old Mutual, headquartered in South Africa (ZA), has publicly disclosed its carbon emissions data for several years. For the reporting year 2025, Old Mutual reported total greenhouse gas emissions of approximately 206,908,000 kg CO2e. This figure includes Scope 1, Scope 2 (market-based), and Scope 3 emissions. Scope 1 emissions totalled approximately 3,406,000 kg CO2e, with mobile combustion contributing about 1,695,000 kg CO2e and fugitive emissions at approximately 1,128,000 kg CO2e. Scope 2 emissions, based on the market-based approach, were approximately 43,046,000 kg CO2e. Scope 3 emissions accounted for the largest portion, with a total of approximately 160,455,000 kg CO2e. Key contributors to Scope 3 emissions in 2025 included fuel and energy-related activities at approximately 13,767,000 kg CO2e and business travel at about 7,710,000 kg CO2e. Waste generated in operations was approximately 2,352,000 kg CO2e. In 2024, total emissions were reported as approximately 209,499,000 kg CO2e. Scope 1 emissions were approximately 3,737,000 kg CO2e, with mobile combustion at about 1,205,000 kg CO2e and fugitive emissions at approximately 1,058,000 kg CO2e. Scope 2 (market-based) emissions were approximately 55,718,000 kg CO2e. Scope 3 emissions for 2024 totalled approximately 150,043,000 kg CO2e, with business travel at approximately 11,793,000 kg CO2e, waste generated in operations at about 2,593,000 kg CO2e, and fuel and energy-related activities at approximately 15,583,000 kg CO2e. For the 2023 reporting year, Old Mutual's total emissions were approximately 210,109,000 kg CO2e. Scope 1 emissions were approximately 9,107,000 kg CO2e, including mobile combustion at about 1,270,000 kg CO2e and fugitive emissions at approximately 1,412,000 kg CO2e. Scope 2 (market-based) emissions amounted to approximately 60,208,000 kg CO2e. Scope 3 emissions were approximately 140,794,000 kg CO2e, with business travel at approximately 14,229,000 kg CO2e, waste generated in operations at about 2,354,000 kg CO2e, and fuel and energy-related activities at approximately 19,220,000 kg CO2e. In 2022, the company reported total emissions of approximately 206,464,000 kg CO2e. Scope 1 emissions were approximately 4,864,000 kg CO2e, comprising mobile combustion of about 1,239,000 kg CO2e and fugitive emissions of approximately 827,000 kg CO2e. Scope 2 (market-based) emissions were approximately 62,110,000 kg CO2e. Scope 3 emissions totalled approximately 139,474,000 kg CO2e, with business travel at about 7,742,000 kg CO2e, waste generated in operations at approximately 3,259,000 kg CO2e, and fuel and energy-related activities at approximately 7,391,000 kg CO2e. Earlier data includes total emissions of approximately 269,017,000 kg CO2e for 2019, with Scope 1 at about 2,142,000 kg CO2e and Scope 2 (market-based) at approximately 79,328,000 kg CO2e. Scope 3 emissions for 2019 were approximately 187,547,000 kg CO2e. In 2016, Old Mutual's total emissions were not explicitly provided as a single sum, but Scope 1 emissions were approximately 6,198,000 kg CO2e and Scope 2 emissions were approximately 483,751,000 kg CO2e. Scope 3 emissions in 2016 were substantial, with investments accounting for approximately 59,533,984,000 kg CO2e, and other categories including business travel, employee commute, and waste generated in operations. In 2010, Scope 1 emissions were approximately 7,560,000 kg CO2e and Scope 2 (location-based) emissions were approximately 792,834,000 kg CO2e, with a combined Scope 1 and 2 total of approximately 232,465,000 kg CO2e. Old Mutual's emissions data for 2021 is not available in the provided dataset, but a carbon intensity figure of 0.00033797 kg CO2e per USD of revenue for scope_not_specified was reported for the 2023 reporting year. Old Mutual has not provided specific public reduction targets or commitments in the current dataset, nor are there any details on SBTi or Climate Pledge commitments. The company's reporting indicates a focus on disclosing Scope 1, 2, and 3 emissions annually.

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Old Mutual’s Climate Goals (2030 & 2050)

No climate goals have been disclosed for Old Mutual yet.

Scope 3 top emissions categories

3 of 15 categories disclosed
Fuel & Energy Activities9%
Business Travel5%
Waste Generated in Operations1%
Fuel & Energy Activities9%
Business Travel5%
Waste Generated in Operations1%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Not active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Old Mutual logoOld Mutual
ZAFinancial Intermediation
29 days ago
52
Axa logoAxa
FRInsurance Services
4 hours ago
100
View
Swiss Re logoSwiss Re
CHInsurance Services
3 days ago
88
View
Qbe Insurance logoQbe Insurance
AUBusiness Services
3 days ago
72
View
Phoenix Holdings logoPhoenix Holdings
GBInsurance Services
1 day ago
70
View
Munchener Ruck logoMunchener Ruck
DEInsurance Services
2 days ago
63
View
Storebrand logoStorebrand
NOFinancial Intermediation
8 days ago
62
View

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