Allco Finance Group Limited Sustainability Profile

In 2023, Allco Finance Group Limited reported total carbon emissions of approximately 6,423,440 kg CO2e, with emissions distributed across various scopes: 440 kg CO2e for Scope 1, 440 kg CO2e for Scope 2, and a significant 6,422,560 kg CO2e for Scope 3 emissions. This data indicates a comprehensive disclosure of emissions, covering all three scopes. Comparatively, in 2022, the company recorded Scope 1 and Scope 2 emissions of 500 kg CO2e each, but did not disclose Scope 3 emissions for that year. The increase in emissions from 2022 to 2023 highlights a notable rise in Scope 3 emissions, which typically encompass indirect emissions from the value chain. Currently, Allco Finance Group Limited has not set any specific reduction targets or initiatives, nor do they participate in recognised climate pledges such as the Science Based Targets initiative (SBTi). The absence of reduction commitments suggests a need for further action in aligning with industry standards for climate accountability. Overall, while Allco Finance Group Limited has made strides in emissions reporting, the lack of reduction targets indicates an opportunity for the company to enhance its climate commitments and contribute more effectively to global sustainability efforts.