The Manufacturers Life Insurance Company Sustainability Profile
The Manufacturers Life Insurance Company, commonly known as Manulife, is a leading financial services provider headquartered in Canada. Established in 1887, Manulife has grown to become a prominent player in the insurance and investment sectors, with significant operations across North America and Asia. Specialising in life insurance, health insurance, and wealth management solutions, Manulife distinguishes itself through innovative products tailored to meet diverse client needs. The company has achieved notable milestones, including its expansion into international markets and the introduction of digital tools that enhance customer experience. With a strong market position, Manulife is recognised for its commitment to sustainability and customer-centric approach, making it a trusted choice for individuals and businesses seeking comprehensive financial protection and investment strategies.
DitchCarbon Score
How does The Manufacturers Life Insurance Company'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 Insurance Services 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
The Manufacturers Life Insurance Company's score of 57 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Manufacturers Life Insurance Company, headquartered in Canada, currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary of Manulife Financial Corporation, any emissions data or climate commitments would be inherited from this parent organization. Manulife Financial Corporation has set various climate commitments, including targets aligned with the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP). However, specific reduction targets or achievements for The Manufacturers Life Insurance Company are not detailed in the available information. As part of its climate strategy, the company is expected to adhere to the broader sustainability initiatives established by Manulife Financial Corporation, which may include commitments to reduce emissions across Scope 1, 2, and 3 categories. Nonetheless, without specific data or targets provided, it is challenging to quantify their current impact or future commitments. In summary, while The Manufacturers Life Insurance Company is part of a larger corporate family with climate initiatives, specific emissions data and reduction targets are not currently available.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 14,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 126,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | - | - | - |
How Carbon Intensive is The Manufacturers Life Insurance Company's Industry?
How Carbon Intensive is The Manufacturers Life Insurance Company's Location?
The Manufacturers Life Insurance Company's Scope 3 Categories Breakdown
The Manufacturers Life Insurance Company's Scope 3 emissions, which decreased by 38% last year and increased significantly since 2013, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 45% of total emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 86% of Scope 3 emissions.
Top Scope 3 Categories
The Manufacturers Life Insurance Company'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.
The Manufacturers Life Insurance Company has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
