In 2025, M&G completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
M&G has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 565a | 543a | 595b | |
Total Scope 2 | ||||
Market-Based | 36a | 79a | 108b | |
Location-Based | 2,602a | 2,944a | 3,023b | |
Total Scope 3 | 133,303,324a | 108,191,500a | 118,170,261b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0193a | 0.0296a | 0.0336b |
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In 2025, the total operational greenhouse gas (GHG) emissions of M&G amounted to 3,167 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2024, the total operational greenhouse gas (GHG) emissions of M&G decreased by 9.18%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2025, the total Scope 1 emissions of M&G were 565 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, M&G's Scope 1 emissions have decreased by 74.17%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2024), M&G's Scope 1 emissions increased by 4.05%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2025, M&G reported Scope 2 greenhouse gas (GHG) emissions of 36 tCO₂e using the market-based method and 2,602 tCO₂e using the location-based method.a
Since 2019, M&G's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 56.25%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2024), M&G's Scope 2 emissions (Location-Based) fell by 11.62% in 2025, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2025, M&G reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, M&G reported 133,303,324 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2025 disclosure of M&G includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2025, M&G reported total Scope 3 emissions of 133,303,324 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, M&G's Scope 3 emissions have increased by 1,343,412.64%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2024), M&G's Scope 3 emissions increased by 23.21%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2025, M&G reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2025, the largest contributors to M&G's Scope 3 emissions were:a
In 2025, M&G reported Scope 1 greenhouse gas (GHG) emissions of 565 tCO₂e and total revenues of USD 29,275 millions. This translates into an emissions intensity of 0.02 tCO₂e per millions USD.a
In 2025, M&G reported a Scope 1 emissions intensity of 0.02 tCO₂e per millions USD. Compared to the peer group median of 0.11, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, M&G ranked 5 out of 16 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places M&G among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2025, M&G reported a total carbon footprint of 133,306,491 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 23.21% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to M&G's total carbon footprint was Scope 3 emissions, accounting for 100% of the company's total carbon footprint, followed by Scope 2 emissions at 0%.a