GlobalData offers a comprehensive analysis of Old Mutual, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Old Mutual‘s ESG performance. GlobalData’s company profile on Old Mutual offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Old Mutual, a South African financial services company, has committed to achieving net-zero emissions by 2050. Old Mutual's latest filings mentioned the keywords 'Renewable' and 'Carbon' most number of times in relation to 'Net Zero'.
The company aims to transform its growth path to be more socially inclusive, low-carbon, and resource-efficient. Old Mutual is working towards achieving its net-zero targets by investing in renewable energy, agriculture, affordable housing, water, health, transport, and education. The company has invested R26.7 billion of proprietary assets in renewable energy and launched an ESG Equity Fund in South Africa.
Old Mutual is committed to reducing its carbon emissions related to scope 1, scope 2, and scope 3 emissions. In 2022, the company's scope 1 emissions was 4,864 tCO2e, scope 2 emissions was 62,110 tCO2e, and scope 3 emissions was 139,474 tCO2e across its South African operations. The company prioritised investment into alternative energy capabilities with a focus on solar. The solar renewable electricity generation effectively reduces emissions from purchased electricity.
Old Mutual is a member of the World Economic Forum Climate Adaptation committee and is co-creating a blueprint for how private sector companies can effectively respond to climate change. The company's green economy dataset demonstrates its contribution towards investing in a sustainable economy. Old Mutual is also working towards reducing its carbon emissions by improving energy efficiency, reducing waste, and investing in renewable energy.
In conclusion, Old Mutual's commitment to achieving net-zero emissions by 2050 and its substantial investments in renewable energy showcase its dedication to a sustainable and low-carbon future. By actively participating in collaborative initiatives and prioritizing energy efficiency and waste reduction, Old Mutual is taking significant steps towards reducing its carbon footprint and setting a positive example for other companies in the financial services sector.