Public Profile

Old Mutual

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.

17

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.

26

Industry Benchmark

Old Mutual's score of 17 is lower than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.

7%

Old Mutual's reported carbon emissions

In 2023, Old Mutual reported total carbon emissions of approximately 210,109,000 kg CO2e in South Africa (ZA). This figure includes Scope 1 emissions of about 9,107,000 kg CO2e, which encompasses mobile combustion and fugitive emissions, Scope 2 emissions of approximately 60,208,000 kg CO2e, and Scope 3 emissions totalling around 140,794,000 kg CO2e, primarily from business travel and fuel-related activities. In previous years, Old Mutual's emissions were as follows: in 2022, they reported about 206,448,000 kg CO2e; in 2021, approximately 208,347,000 kg CO2e; and in 2019, around 202,113,000 kg CO2e. The company has disclosed emissions data across all three scopes (1, 2, and 3) for these years. Despite the detailed emissions reporting, there are currently no specific reduction targets or initiatives outlined by Old Mutual. The absence of documented reduction targets suggests a need for further commitment to climate action within the industry context.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Old Mutual's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Old Mutual is headquartered in ZA, which has a rank of very high, indicating very high grid carbon intensity.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Old Mutual is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

Similar Organizations

Munchener Ruck

DE
Insurance and pension funding services, except compulsory social security services (66)
Updated 1 day ago

Metlife

US
Insurance and pension funding services, except compulsory social security services (66)
Updated about 18 hours ago

Phoenix Holdings

GB
Insurance and pension funding services, except compulsory social security services (66)
Updated about 18 hours ago

Gjensidige

NO
Insurance and pension funding services, except compulsory social security services (66)
Updated 5 days ago

Firstrand

ZA
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Storebrand

NO
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers