AMP Limited

In 2023, AMP Limited reported total carbon emissions of approximately 14,227,000 kg CO2e, with emissions distributed across Scope 1, Scope 2, and Scope 3. Specifically, Scope 1 emissions were about 46,000 kg CO2e, while Scope 2 emissions totalled around 980,000 kg CO2e. The majority of emissions came from Scope 3, which accounted for approximately 14,227,000 kg CO2e, primarily driven by purchased goods and services. Comparatively, in 2022, AMP's total emissions were about 7,760,000 kg CO2e, indicating a significant increase in emissions in 2023. The breakdown for 2022 included approximately 662,000 kg CO2e from Scope 1, 5,653,000 kg CO2e from Scope 2, and 7,760,000 kg CO2e from Scope 3. AMP has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests that while the company is aware of its emissions profile, it may not yet have formalised a strategy for significant emissions reductions. As a financial services provider, AMP operates in an industry where Scope 3 emissions, particularly from investments and supply chains, can represent a substantial portion of total emissions. Overall, AMP Limited's emissions data highlights the need for ongoing assessment and potential action to address its carbon footprint, particularly in the context of increasing scrutiny on corporate climate commitments.