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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 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 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.  | 0000000 |
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bVerified Sources Behind M&G’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore M&G’s data sources below and access millions more through our Disclosure Search.
Insights into M&G's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofM&G amounted to3,487metric 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&Gdecreased 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 COâ‚‚ equivalent (tCOâ‚‚e).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 tCOâ‚‚e using the market-based method and 2,944 tCOâ‚‚e 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 COâ‚‚ equivalent (tCOâ‚‚e) 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 5of 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 COâ‚‚ equivalent (tCOâ‚‚e).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 emissionshave 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 tCOâ‚‚e(99.99%)
- Business Travel (Cat. 6): 8,310 tCOâ‚‚e(0.01%)
- Downstream Leased Assets (Cat. 13): 147 tCOâ‚‚e(0%)
M&G's Scope 3 Emissions by Categories
Insights into M&G’s GHG Emissions Intensity Compared to Industry Peers
In 2024, M&G reported Scope 1 greenhouse gas (GHG) emissions of 543 tCOâ‚‚e and total revenues of USD 14,141 millions. This translates into an emissions intensity of 0.04 tCOâ‚‚e per millions USD.a
M&G's Scope 1 Emissions Intensity Compared to Peers
How does M&G's GHG emissions intensity compare to its peers?
In 2024, M&G reported a Scope 1 emissions intensity of 0.04 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.1, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does M&G rank on GHG emissions intensity within its industry?
In 2024, M&G ranked 5 out of 15 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places M&G among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into M&G's Total Carbon Footprint
In 2024, M&G reported a total carbon footprint of 120,551,966 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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