Momentum Group Ltd

Country
South Africa
Sector
Financial Services
Industry
Insurance - Diversified
Employees
13,837
Ticker
MTM
Exchange
JOHANNESBURG STOCK EXCHANGE
Description
Momentum Group Limited is a South African-based financial services company specializing in life and non-life insurance, asset management, investment, and savings solutions. With a heritage spanning ov...

Momentum Group Ltd's GHG Emissions Data Preview

In 2023, Momentum Group Ltd 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).

Momentum Group Ltd 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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Momentum Group Ltd’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 Momentum Group Ltd’s data sources below and access millions more through our Disclosure Search.

a. Momentum Group Ltd's Sustainability Report 2024
a. Momentum Group Ltd's Sustainability Report 2024
b. Momentum Group Ltd's Sustainability Report 2023
b. Momentum Group Ltd's Sustainability Report 2023
c. Momentum Group Ltd's Integrated Report 2023
c. Momentum Group Ltd's Integrated Report 2023

Insights into Momentum Group Ltd's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Momentum Group Ltd amounted to 39,762 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 2022, the total operational greenhouse gas (GHG) emissions of Momentum Group Ltd decreased by 9.64%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Momentum Group Ltd's Scope 1 Emissions Over Time

201920212022202301.5 k3 k4.5 k6 ktCO2e-19%+107%+23%
  • Total Scope 1
  • Year-over-Year Change

What are Momentum Group Ltd's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Momentum Group Ltd were 4,396 metric tons of CO₂ equivalent (tCO₂e). a

Has Momentum Group Ltd reduced its Scope 1 emissions over time?

Since 2019, Momentum Group Ltd's Scope 1 emissions have increased by 105.81%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Momentum Group Ltd's Scope 1 emissions increased by 23.21%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Momentum Group Ltd's Scope 2 emissions?

In 2023, Momentum Group Ltd reported Scope 2 greenhouse gas (GHG) emissions of 35,366 tCO₂e using the location-based method. a

Has Momentum Group Ltd reduced its Scope 2 emissions over time?

Since 2019, Momentum Group Ltd's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 30.38%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Momentum Group Ltd's Scope 2 emissions (Location-Based) fell by 12.54% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Momentum Group Ltd use for Scope 2 reporting?

In 2023, Momentum Group Ltd reported its Scope 2 emissions using the location-based method. a

Momentum Group Ltd's Scope 2 Emissions Over Time

2019202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based

Insights into Momentum Group Ltd's Value Chain Emissions

In 2023, Momentum Group Ltd reported 24,018 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 2023 disclosure of Momentum Group Ltd includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Momentum Group Ltd's Scope 3 Emissions Over Time

201920212022202306.5 k13 k19.5 k26 ktCO2e-56%+41%+108%
  • Total Scope 3
  • Year-over-Year Change

What are Momentum Group Ltd's Scope 3 emissions?

In 2023, Momentum Group Ltd reported total Scope 3 emissions of 24,018 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Momentum Group Ltd reduced its Scope 3 emissions over time?

Since 2019, Momentum Group Ltd's Scope 3 emissions have increased by 28.82%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Momentum Group Ltd's Scope 3 emissions increased by 108.18%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Momentum Group Ltd disclose?

In 2023, Momentum Group Ltd 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 Momentum Group Ltd's Scope 3 emissions?

In 2023, the largest contributors to Momentum Group Ltd's Scope 3 emissions were: a

  • Fuel- and Energy-Related Services (Cat. 3): 14,464 tCO₂e (60.22%)
  • Business Travel (Cat. 6): 8,768 tCO₂e (36.51%)
  • Purchased Goods and Services (Cat. 1): 380 tCO₂e (1.58%)

Momentum Group Ltd's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(36.5%)Purchased Goods andServices (Cat. 1)(1.6%)Fuel- andEnergy-RelatedServices (Cat. 3)(60.2%)

Insights into Momentum Group Ltd’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Momentum Group Ltd reported Scope 1 greenhouse gas (GHG) emissions of 4,396 tCO₂e and total revenues of USD 5,210 millions. This translates into an emissions intensity of 0.84 tCO₂e per millions USD. a

Momentum Group Ltd's Scope 1 Emissions Intensity Compared to Peers

505002,00020,000200,000Scope 1 Emissions (tCO2e)5002,00010,00050,000500,000Revenues (Millions of USD)MQatar Insurance Company QSPCYear: 2023Scope 1: 122 tCO2eRevenue: $M 2,590Scope 1 Intensity: 0.05 tCO2e/$MNew India AssuranceYear: 2025Scope 1: 2,669 tCO2eRevenue: $M 5,096Scope 1 Intensity: 0.52 tCO2e/$MAllianzYear: 2024Scope 1: 53,885 tCO2eRevenue: $M 124,387Scope 1 Intensity: 0.43 tCO2e/$MOUTsurance GroupYear: 2024Scope 1: 819 tCO2eRevenue: $M 1,772Scope 1 Intensity: 0.46 tCO2e/$MSwiss Life HoldingYear: 2024Scope 1: 5,842 tCO2eRevenue: $M 15,936Scope 1 Intensity: 0.37 tCO2e/$MSampo OyjYear: 2024Scope 1: 883 tCO2eRevenue: $M 9,933Scope 1 Intensity: 0.09 tCO2e/$MUniqa Insurance GroupYear: 2023Scope 1: 5,048 tCO2eRevenue: $M 5,636Scope 1 Intensity: 0.90 tCO2e/$MNN GroupYear: 2024Scope 1: 1,896 tCO2eRevenue: $M 11,463Scope 1 Intensity: 0.17 tCO2e/$MAgeasYear: 2024Scope 1: 16,238 tCO2eRevenue: $M 8,824Scope 1 Intensity: 1.84 tCO2e/$MUnipol AssicurazioniYear: 2024Scope 1: 9,062 tCO2eRevenue: $M 12,128Scope 1 Intensity: 0.75 tCO2e/$MVienna Insurance GroupYear: 2024Scope 1: 18,538 tCO2eRevenue: $M 13,454Scope 1 Intensity: 1.38 tCO2e/$MAegonYear: 2024Scope 1: 1,480 tCO2eRevenue: $M 20,302Scope 1 Intensity: 0.07 tCO2e/$MTalanxYear: 2024Scope 1: 13,090 tCO2eRevenue: $M 26,617Scope 1 Intensity: 0.49 tCO2e/$MPhoenix FinancialYear: 2024Scope 1: 3,783 tCO2eRevenue: $M 8,260Scope 1 Intensity: 0.46 tCO2e/$MSinar Mas MultiarthaYear: 2024Scope 1: 9,024 tCO2eRevenue: $M 1,621Scope 1 Intensity: 5.57 tCO2e/$MTrygYear: 2024Scope 1: 1,120 tCO2eRevenue: $M 5,611Scope 1 Intensity: 0.20 tCO2e/$MAXAYear: 2024Scope 1: 21,054 tCO2eRevenue: $M 93,490Scope 1 Intensity: 0.23 tCO2e/$MALM. Brand A/SYear: 2024Scope 1: 599 tCO2eRevenue: $M 1,970Scope 1 Intensity: 0.30 tCO2e/$MSun Life FinancialYear: 2023Scope 1: 15,057 tCO2eRevenue: $M 28,817Scope 1 Intensity: 0.52 tCO2e/$MArch Capital GroupYear: 2024Scope 1: 2,252 tCO2eRevenue: $M 16,932Scope 1 Intensity: 0.13 tCO2e/$MICICI LombardYear: 2024Scope 1: 907 tCO2eRevenue: $M 2,612Scope 1 Intensity: 0.35 tCO2e/$MAmerican International GroupYear: 2024Scope 1: 8,258 tCO2eRevenue: $M 27,272Scope 1 Intensity: 0.30 tCO2e/$MMMMomentum Group LtdYear: 2023Scope 1: 4,396 tCO2eRevenue: $M 5,210Scope 1 Intensity: 0.84 tCO2e/$M

How does Momentum Group Ltd's GHG emissions intensity compare to its peers?

In 2023, Momentum Group Ltd reported a Scope 1 emissions intensity of 0.84 tCO₂e per millions USD. Compared to the peer group median of 0.4 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Momentum Group Ltd rank on GHG emissions intensity within its industry?

In 2023, Momentum Group Ltd ranked 19 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Momentum Group Ltd among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Momentum Group Ltd's Total Carbon Footprint

In 2023, Momentum Group Ltd reported a total carbon footprint of 63,780 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.83% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Momentum Group Ltd's total carbon footprint was Scope 2 emissions, accounting for 55.45% of the company's total carbon footprint, followed by Scope 3 emissions at 37.66%. a

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