Old Mutual Ltd

Common Name
Old Mutual
Country
South Africa
Sector
Financial Services
Industry
Financial Conglomerates
Employees
N/A
Ticker
OMU
Exchange
JOHANNESBURG STOCK EXCHANGE
Description
Old Mutual Ltd. is a diversified financial services company based in Cape Town, South Africa, with a legacy dating back to 1845. Specializing in life and health insurance, the firm provides a broad sp...

Old Mutual's GHG Emissions Data Preview

In 2023, Old Mutual 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).

Old Mutual 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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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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 Old Mutual's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Old Mutual amounted to 79,055.87 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 Old Mutual increased by 18.04%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Old Mutual's Scope 1 Emissions Over Time

2019202020212022202303.5 k7 k10.5 k14 ktCO2e+18%+1%+91%+178%
  • Total Scope 1
  • Year-over-Year Change

What are Old Mutual's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Old Mutual were 13,504.08 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Old Mutual reduced its Scope 1 emissions over time?

Since 2019, Old Mutual's Scope 1 emissions have increased by 530.44%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Old Mutual's Scope 1 emissions increased by 177.63%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Old Mutual's Scope 2 emissions?

In 2023, Old Mutual reported Scope 2 greenhouse gas (GHG) emissions of 61,611.01 tCOâ‚‚e using the market-based method, and 65,551.79 tCOâ‚‚e using the location-based method.

What methodology does Old Mutual use for Scope 2 reporting?

In 2023, Old Mutual reported its Scope 2 emissions using the market-based method and using the location-based method.

Old Mutual's Scope 2 Emissions Over Time

20192020202120222023025 k50 k75 k100 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Old Mutual's Value Chain Emissions

In 2023, Old Mutual reported 147,854.14 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 Old Mutual 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.

Old Mutual's Scope 3 Emissions Over Time

20192020202120222023050 k100 k150 k200 ktCO2e-39%+20%+2%+6%
  • Total Scope 3
  • Year-over-Year Change

What are Old Mutual's Scope 3 emissions?

In 2023, Old Mutual reported total Scope 3 emissions of 147,854.14 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 26.84% of these emissions originated from upstream activities such as purchased goods and capital goods, while 73.16% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Old Mutual reduced its Scope 3 emissions over time?

Since 2019, Old Mutual's Scope 3 emissions have decreased by 21.16%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Old Mutual's Scope 3 emissions remained relatively stable, indicating that Old Mutual 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Old Mutual disclose?

In 2023, Old Mutual reported emissions for 5 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 Old Mutual's Scope 3 emissions?

In 2023, the largest contributors to Old Mutual's Scope 3 emissions were:

  • Downstream Leased Assets (Cat. 13): 108,172.3 tCOâ‚‚e (73.16%)
  • Fuel- and Energy-Related Services (Cat. 3): 21,004.4 tCOâ‚‚e (14.21%)
  • Business Travel (Cat. 6): 15,322.15 tCOâ‚‚e (10.36%)

Old Mutual's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(10.4%)Downstream LeasedAssets (Cat. 13)(73.2%)Fuel- andEnergy-RelatedServices (Cat. 3)(14.2%)

Insights into Old Mutual's Total Carbon Footprint

In 2023, Old Mutual reported a total carbon footprint of 226,910.01 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.91% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Old Mutual's total carbon footprint was Scope 3 emissions, accounting for 65.16% of the company's total carbon footprint, followed by Scope 2 emissions at 28.89%.

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