Morningstar
Morningstar, Inc., a leading provider of independent investment research, is headquartered in the United States, with significant operations across North America, Europe, and Asia. Founded in 1984, the company has established itself as a trusted source of data and analysis in the financial services industry, particularly in investment management and asset allocation. Morningstar offers a range of core products and services, including investment research, portfolio management tools, and data analytics, which are distinguished by their rigorous methodology and comprehensive coverage. The firm is renowned for its proprietary star rating system, which evaluates mutual funds and ETFs, helping investors make informed decisions. With a strong market position, Morningstar has received numerous accolades for its innovative solutions and commitment to transparency, solidifying its reputation as a key player in the investment research landscape.
DitchCarbon Score
How does Morningstar'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
Morningstar's score of 46 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Morningstar's reported carbon emissions
In 2023, Morningstar reported total carbon emissions of approximately 10,568,000 kg CO2e. This figure includes 290,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 4,846,000 kg CO2e from Scope 2 emissions, with purchased electricity accounting for 6,176,000 kg CO2e. Additionally, Scope 3 emissions totalled 4,102,000 kg CO2e, with business travel contributing 3,963,000 kg CO2e. Comparatively, in 2022, the company emitted about 9,590,000 kg CO2e, indicating an increase in emissions year-on-year. Morningstar's emissions have fluctuated over the years, with a notable decrease from 13,693,000 kg CO2e in 2019 to 7,832,000 kg CO2e in 2024, reflecting a commitment to reducing their carbon footprint. Despite these figures, Morningstar has not publicly disclosed specific reduction targets or initiatives aimed at achieving significant emissions reductions. The absence of documented reduction targets suggests a need for further clarity on their long-term climate commitments. Overall, while the company has made strides in emissions reporting, the lack of defined reduction strategies may impact its sustainability profile in the competitive financial services sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 474,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,514,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 5,406,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Morningstar 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.
