Financial Services / Banking

M&G sustainability score: 35/100

35/100
Below expectations
Joint 25th of 61 in Financial Services / Banking

Better than 57% of Financial Services / Banking

Making progress starts at 46. The highest score on SINK is 71.

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About M&G

M&G plc is a UK-based financial services and asset management firm founded in 1901, headquartered in London. It manages £375.9B in assets under management across equities, bonds, alternatives, and real estate.

More about M&G

As an asset manager and asset owner, M&G's sustainability impact is dominated by financed emissions from its investment portfolios rather than direct operations.

Founded 1901Head office London, United KingdomStaff ~8,282Revenue ~£4,425MWebsite ↗

Read M&G's own report ↗

Our verdict

M&G manages £375.9B in assets while holding £1.5B in coal exposure and material fossil-fuel investments. Operational emissions targets are absolute and credible, but portfolio decarbonisation relies on intensity metrics that allow financed emissions to rise with AUM growth. Core weakness: asset manager climate alignment is compromised by fossil-sector holdings without documented divestment policy.

M&G scores 35/100 (Below expectations) on SINK's independent climate assessment, scored from public data only. Scores are free. Nobody can pay to change a score, speed it up or hide it. Last verified August 2026.

That places M&G joint 572nd of 1,023 companies scored, and joint 25th of 61 in Financial Services / Banking.

The ten questions

What is M&G doing well, and where does it fall short?

Strongest on Carbon Footprint: Operations and Energy Source (7/10, 7/10). Weakest on Carbon Footprint: Supply Chain and Nature & Biodiversity Impact (4/10, 4/10).

What's missing

Where M&G lost points

For each question that lost points, the evidence our public rubric looks for that we didn't find.

What would raise this score

  • Emissions from its supply chainMeasure most of its supply-chain (Scope 3) emissions.
  • Its effect on natureMeasure its effect on nature and have it independently verified.
  • How it uses materials and handles wasteReport measurable waste or recycling targets publicly.

Every question that lost points

  • Emissions from its own operations7/10Its own emissions aren't independently verified or tracked over several years.
  • Emissions from its supply chain4/10Most of its supply-chain (Scope 3) emissions aren't measured.
  • Whether its emissions are falling5/10No evidence of a year-on-year fall in its total emissions.
  • How clean its energy is7/10Less than 90% of its energy shown to be renewable.
  • Its effect on nature4/10Its effect on nature isn't measured or independently verified.
  • How it uses materials and handles waste4/10No measurable waste or recycling targets reported publicly.
  • Its effect on water4/10No measured water footprint with reduction targets.
  • Its climate targets5/10Its targets aren't science-based or committed to the Science Based Targets initiative.
  • How openly it reports7/10No mission-locked structure, such as B Corp certification.
  • Its record on controversies4/10Points deducted for controversies or its business model. The finding is under question 10.

A score changes when the evidence does. We use new published evidence at the next rescore. Anyone can send us new evidence, free. How to send it.

The calculation

How is M&G's SINK score calculated?

Same ten questions for every company. No private weighting.

SINK = (0.3 × Base + 0.7 × Performance) × Scale
Industry base impact
Financial Services / Banking sector ceiling.
50 / 100
Performance score
Sum of the ten questions, each scored 0 to 10.
51 / 100
Raw score
Weighted average before scale penalty.
(0.3 × 50) + (0.7 × 51) = 50.7
Scale penalty
Multiplier based on total emissions. Bigger polluters lose more.
× 0.7
Financed emissions
Banks and insurers that don't publish the emissions of the lending, investment or insurance they finance get a size multiplier of no more than 0.70×. This company publishes no such figure, so the 0.70× floor applies.
Not published (0.70× floor)
Final score
Rounded. Below expectations.
35 / 100
Where the evidence comes from

What evidence is M&G's score based on?

9 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.

67% of them were published by M&G itself; the rest come from independent sources.

[1]Self-reported
Corporate Environment Performance

“GHG emissions statement in accordance with the Companies (Directors' Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018”

2025
Q1Q2Q4Q6Q7
View →
[2]Self-reported
Environmental Metrics Basis of Reporting 2025

“environmental metrics cover 70% (2024: 69%) of Group AUMA as at 31 December 2025”

2025
Q2Q6Q7
View →
[3]Self-reported
Financing the Climate Transition

“Achieved 100% renewable electricity across our in-scope corporate office in 2025”

2025
Q3Q8
View →
[4]Self-reported
Sustainability Accessible Report 2023

“50% reduction in emissions intensity (tCO2e/$m invested) for in-scope public equity and corporate debt by 2030”

2023
Q3
View →
[5]Self-reported
Climate Transition Plan July 2025

“M&G plc joins RE100, which committed us to reach 100% renewable energy for our corporate operations”

2025
Q4Q9
View →
[6]Self-reported
Developing Our Approach to Nature

“Based on the asset manager's assessment of the Taskforce on Nature-related Financial Disclosures (TNFD) high-risk sector in our listed equity and corporate bond exposures, we have created a target list of companies for engagement”

2025
Q5
View →
[7]Independent source
M&G Coal Exit Policy Misses Mark

“M&G's total exposure to coal is $1.5 billion, including holdings in NTPC, Sumitomo and POSCO”

2021
Q10
View →
[8]Independent source
Asset Managers Climate Change 2023

“asset managers continue to hold equity investment portfolios misaligned with Paris Agreement goals, while their efforts to drive the transition through stewardship have stagnated”

2023
Q10
View →
[9]Public record
M&G Takes Climate Plans to Shareholders, Adds Net Zero Goal to Incentive Plan

“M&G's climate commitments include targets to reduce carbon emissions from operations to net zero by 2030”

2022
Q8Q9
View →

If you believe a source has been misread or a newer version exists, submit a challenge.

For M&G

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    M&G: SINK sustainability score 35.

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M&G in context

How does M&G compare with other financial services / banking companies?

Where M&G sits among financial services / banking peers.

Among the 61 major financial services / banking brands we've scored, M&G is tied =25th of 61, with 2 others.

=25/61
M&G's rank
36
Industry average
20
Industry low
65
Industry high
See all 61 in Financial Services / Banking →
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