Massachusetts Mutual Life Insurance Company, commonly known as MassMutual, is a prominent player in the insurance and financial services industry, headquartered in Springfield, Massachusetts, USA. Founded in 1851, the company has a rich history marked by significant milestones, including its mutual ownership structure, which prioritises policyholders' interests. MassMutual offers a diverse range of products, including life insurance, retirement planning, and investment solutions, distinguished by their commitment to financial security and customer service. The company is recognised for its strong market position, consistently ranking among the top life insurers in the United States. With a focus on innovation and customer-centric solutions, MassMutual continues to adapt to the evolving needs of its clients across major operational regions, ensuring a legacy of trust and reliability in financial protection.
How does Massachusetts Mutual Life Insurance'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.
Mean score of companies in the Business Services 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.
Massachusetts Mutual Life Insurance's score of 36 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Massachusetts Mutual Life Insurance reported total carbon emissions of approximately 12,315,000 kg CO2e. This figure includes 7,690,000 kg CO2e from Scope 1 emissions and 6,163,000 kg CO2e from Scope 2 emissions (market-based). The company has set an ambitious interim target to reduce its absolute Scope 1 and Scope 2 emissions by 72% by 2027, using 2019 as the baseline year. Comparatively, in 2022, the total emissions were about 19,685,000 kg CO2e, with Scope 1 emissions at 8,320,000 kg CO2e and Scope 2 emissions (market-based) at 11,365,000 kg CO2e. This indicates a significant reduction in emissions over the past year, aligning with their commitment to sustainability. Massachusetts Mutual Life Insurance is actively working towards its climate commitments, focusing on substantial reductions in its operational carbon footprint. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the supply chain and product use. Overall, their proactive approach reflects a growing trend in the insurance industry towards enhanced environmental responsibility.
Access structured emissions data, company-specific emission factors, and source documents
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Scope 1 | 8,766,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 20,210,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
Scope 3 | - | - | - | - | - |
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.
Massachusetts Mutual Life Insurance is not participating in any 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.