Old Mutual
Old Mutual Limited, a leading financial services group headquartered in South Africa (ZA), has been a cornerstone of the industry since its founding in 1845. With a strong presence across Southern Africa, the UK, and other international markets, Old Mutual operates primarily in the insurance, investment, and banking sectors. The company offers a diverse range of products, including life insurance, asset management, and retirement solutions, distinguished by their customer-centric approach and innovative technology. Old Mutual's commitment to sustainability and community development further enhances its reputation, positioning it as a trusted partner in financial well-being. With over 175 years of experience, Old Mutual has achieved significant milestones, including its listing on the Johannesburg Stock Exchange, solidifying its status as a market leader in the financial services landscape.
DitchCarbon Score
How does Old Mutual's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Old Mutual's score of 19 is lower than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Old Mutual's reported carbon emissions
In 2023, Old Mutual, headquartered in South Africa (ZA), reported total carbon emissions of approximately 210,109,000 kg CO2e. This figure includes Scope 1 emissions of about 9,107,000 kg CO2e, primarily from mobile combustion and fugitive emissions, Scope 2 emissions of around 60,208,000 kg CO2e, and significant Scope 3 emissions totalling approximately 140,794,000 kg CO2e, which includes business travel and waste generated in operations. Comparatively, in 2022, Old Mutual's total emissions were about 206,448,000 kg CO2e, indicating a slight increase in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at approximately 4,864,000 kg CO2e, Scope 2 at about 62,110,000 kg CO2e, and Scope 3 at around 139,474,000 kg CO2e. Old Mutual has not disclosed specific reduction targets or initiatives as part of their climate commitments, nor have they reported any Science-Based Targets Initiative (SBTi) targets. The absence of documented reduction initiatives suggests a need for further development in their climate strategy. The emissions data is sourced directly from Old Mutual Limited, with no cascaded data from parent or related organizations. As such, the company is responsible for its reported emissions and climate commitments.
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| 2020 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 4,168,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Old Mutual is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
