M&G PLC
M&G's GHG Emissions Data Preview
In 2024, 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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Verified Sources Behind M&G’s Greenhouse Gas (GHG) Emissions Data
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Insights into M&G's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of M&G amounted to 3,487 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 2023, the total operational greenhouse gas (GHG) emissions of M&G decreased by 3.62%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
M&G's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are M&G's Scope 1 emissions?
In 2024, the total Scope 1 emissions of M&G were 543 metric tons of CO₂ equivalent (tCO₂e). a
Has M&G reduced its Scope 1 emissions over time?
Since 2019, M&G's Scope 1 emissions have decreased by 75.17%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), M&G's Scope 1 emissions decreased by 8.74%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are M&G's Scope 2 emissions?
In 2024, M&G reported Scope 2 greenhouse gas (GHG) emissions of 79 tCO₂e using the market-based method and 2,944 tCO₂e using the location-based method. a
Has M&G reduced its Scope 2 emissions over time?
Since 2019, M&G's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 50.5%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2023), M&G's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that M&G 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does M&G use for Scope 2 reporting?
In 2024, M&G reported its Scope 2 emissions using the market-based method and using the location-based method. a
M&G's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into M&G's Value Chain Emissions
In 2024, M&G reported 120,548,479 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 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
M&G's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are M&G's Scope 3 emissions?
In 2024, M&G reported total Scope 3 emissions of 120,548,479 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0.01% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.99% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has M&G reduced its Scope 3 emissions over time?
Since 2019, M&G's Scope 3 emissions have increased by 1,214,861.49%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), M&G's Scope 3 emissions remained relatively stable, indicating that M&G 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does M&G disclose?
In 2024, 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.
What are the main sources of M&G's Scope 3 emissions?
In 2024, the largest contributors to M&G's Scope 3 emissions were: a
- Investments (Cat. 15): 120,540,000 tCO₂e (99.99%)
- Business Travel (Cat. 6): 8,310 tCO₂e (0.01%)
- Downstream Leased Assets (Cat. 13): 147 tCO₂e (0%)
M&G's Scope 3 Emissions by Categories
Insights into M&G's Total Carbon Footprint
In 2024, M&G reported a total carbon footprint of 120,551,966 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.01% increase compared to 2023, 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