Manulife Financial Corp
Manulife Financial's GHG Emissions Data Preview
In 2023, Manulife Financial 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).
Manulife Financial has also provided a category-level breakdown for 7 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 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Manulife Financial's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Manulife Financial amounted to 248,582 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Manulife Financial increased by 3.52%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Manulife Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Manulife Financial's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Manulife Financial were 140,202 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Manulife Financial reduced its Scope 1 emissions over time?
Since 2021, Manulife Financial's Scope 1 emissions have decreased by 13.85%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Manulife Financial's Scope 1 emissions increased by 15.47%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Manulife Financial's Scope 2 emissions?
In 2023, Manulife Financial reported Scope 2 greenhouse gas (GHG) emissions of 102,442 tCOâ‚‚e using the market-based method, and 108,380 tCOâ‚‚e using the location-based method.
Has Manulife Financial reduced its Scope 2 emissions over time?
Since 2021, Manulife Financial's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 12.65%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Manulife Financial's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Manulife Financial 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does Manulife Financial use for Scope 2 reporting?
In 2023, Manulife Financial reported its Scope 2 emissions using the market-based method and using the location-based method.
Manulife Financial's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Manulife Financial's Value Chain Emissions
In 2023, Manulife Financial reported 751,549 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Manulife Financial includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 5 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain
Manulife Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Manulife Financial's Scope 3 emissions?
In 2023, Manulife Financial reported total Scope 3 emissions of 751,549 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 27% of these emissions originated from upstream activities such as purchased goods and capital goods, while 73% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Manulife Financial reduced its Scope 3 emissions over time?
Since 2021, Manulife Financial's Scope 3 emissions have increased by 77.88%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Manulife Financial's Scope 3 emissions decreased by 16.72%, highlighting the company's efforts to lower indirect emissions from its value chain.
What categories of Scope 3 emissions does Manulife Financial disclose?
In 2023, Manulife Financial reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Manulife Financial's Scope 3 emissions?
In 2023, the largest contributors to Manulife Financial's Scope 3 emissions were:
- Downstream Leased Assets (Cat. 13): 548,620 tCOâ‚‚e (73%)
- Purchased Goods and Services (Cat. 1): 169,340 tCOâ‚‚e (22.53%)
- Fuel- and Energy-Related Services (Cat. 3): 9,615 tCOâ‚‚e (1.28%)
Manulife Financial's Scope 3 Emissions by Categories
Insights into Manulife Financial's Total Carbon Footprint
In 2023, Manulife Financial reported a total carbon footprint of 1,000,131 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.46% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to Manulife Financial's total carbon footprint was Scope 3 emissions, accounting for 75.15% of the company's total carbon footprint, followed by Scope 1 emissions at 14.02%.