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 92% 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 reported total carbon emissions of approximately 210,109,000 kg CO2e in South Africa (ZA). This figure includes Scope 1 emissions of about 9,107,000 kg CO2e, which comprise mobile combustion (1,270,000 kg CO2e) and fugitive emissions (1,412,000 kg CO2e). Scope 2 emissions accounted for approximately 60,208,000 kg CO2e, while Scope 3 emissions were significant at about 140,794,000 kg CO2e, with notable contributions from business travel (14,229,000 kg CO2e) and waste generated in operations (2,320,000 kg CO2e). Comparatively, in 2022, Old Mutual's total emissions were around 206,448,000 kg CO2e, indicating a slight increase in emissions year-on-year. The company has not disclosed specific reduction targets or initiatives as part of its climate commitments, nor has it engaged with the Science Based Targets initiative (SBTi) for formal reduction targets. Old Mutual's emissions data reflects its operational impact and highlights the need for ongoing climate action within the financial services sector. The absence of defined reduction targets suggests an opportunity for the company to enhance its sustainability strategy and align with global climate goals.
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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.
