Fitch Group
Fitch Group, a leading global provider of credit ratings, commentary, and research, is headquartered in the United States. Founded in 1914, the company has established a strong presence in key operational regions, including Europe and Asia-Pacific. Fitch Group operates primarily within the financial services industry, with its core business areas encompassing Fitch Ratings, Fitch Solutions, and Fitch Learning. The company is renowned for its comprehensive credit ratings and analytical services, which are distinguished by their rigorous methodologies and deep market insights. As a key player in the credit rating sector, Fitch Group has achieved notable milestones, including its role in shaping global financial markets and regulatory frameworks. With a commitment to transparency and integrity, Fitch Group continues to uphold its reputation as a trusted source of financial intelligence.
DitchCarbon Score
How does Fitch Group'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 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.
Industry Benchmark
Fitch Group's score of 33 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fitch Group's reported carbon emissions
In 2023, Fitch Group reported total carbon emissions of approximately 46,886,000 kg CO2e, which includes 776,000 kg CO2e from Scope 1, 3,717,000 kg CO2e from Scope 2 (market-based), and a significant 42,392,000 kg CO2e from Scope 3 emissions. The total emissions from Scope 1 and 2 combined amounted to about 4,494,000 kg CO2e (market-based). Fitch Group has set a long-term commitment to achieve Net Zero emissions by 2040, as part of their environmental strategy initiated in 2023. This commitment encompasses all scopes of emissions, reflecting a comprehensive approach to climate action. The emissions data is cascaded from Fitch Group, Inc., which is a current subsidiary of Hearst Corporation. This relationship indicates that the emissions reporting and climate commitments are aligned with broader corporate sustainability initiatives. Fitch Group is also focused on reducing greenhouse gas emissions intensity by 30% and aims to maintain a carbon intensity ratio of 45.37 tCO2e per unit of net revenue. These targets demonstrate their proactive stance in addressing climate change and enhancing sustainability within their operations.
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| 2023 | |
|---|---|
| Scope 1 | 776,000 |
| Scope 2 | 3,717,000 |
| Scope 3 | 42,392,000 |
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.
Fitch Group 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.
