Manulife Financial Corp
Manulife Financial's Climate Target Data Preview
As of 2024, Manulife Financial has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 2 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Manulife Financial ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2035 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced | Copy restricted. Please purchase to unlock this data.  a | 2035 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Feet (ft2) | Copy restricted. Please purchase to unlock this data.  b | 2050 |
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Verified Sources Behind Manulife Financial’s Climate Targets Data
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Insights into Manulife Financial's Greenhouse Gas Emissions Pathways
As of 2024, Manulife Financial has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a b
Does Manulife Financial have a target to reduce the emissions from its operations?
As of 2024, Manulife Financial has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a b
Manulife Financial's most ambitious operational target is to reduce these emissions by 80% by 2050, compared to a baseline of 0.005 Metric Tonnes of CO2 equivalent (mtCO2e) per Square Feet (ft2) in 2019. a b
As of 2023, Manulife Financial is ahead of schedule on its operational emissions reduction target, having achieved 71.3% of the planned reduction. a b
Manulife Financial's Operational (Scope 1+2) Emissions Pathway
Does Manulife Financial have a target to reduce the emissions from its value chain?
As of 2024, Manulife Financial has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a
Manulife Financial's most ambitious value chain target is to reduce these emissions by 72% by 2035, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2019. a
As of 2024, Manulife Financial is lagging behind on its value chain emissions reduction target, having achieved 24.44% of the planned reduction. a