Altimeter Growth Corp. Sustainability Profile
Altimeter Growth Corp., a prominent player in the special purpose acquisition company (SPAC) sector, is headquartered in the United States. Founded in 2020, the firm focuses on identifying and merging with innovative growth companies, primarily within the technology and consumer sectors. With a strategic approach to investment, Altimeter Growth Corp. aims to leverage its extensive network and industry expertise to drive value creation. The company has successfully completed notable mergers, positioning itself as a leader in the SPAC market. Altimeter Growth Corp. distinguishes itself through its commitment to fostering long-term growth and sustainability in its portfolio companies. As it continues to expand its operational footprint, the firm remains dedicated to delivering exceptional returns for its investors while navigating the evolving landscape of the financial markets.
DitchCarbon Score
How does Altimeter Growth Corp.'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 Land Transportation 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
Altimeter Growth Corp.'s score of 18 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Altimeter Growth Corp. currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is classified as a merged entity and inherits its emissions data from its corporate family, specifically from Grab Holdings Limited, which is at cascade level 1. As of now, Altimeter Growth Corp. has not established any documented reduction targets or commitments to the Science Based Targets initiative (SBTi), nor does it participate in other climate initiatives such as CDP, RE100, or CA100. This lack of specific climate commitments suggests that the company may still be in the early stages of developing a comprehensive climate strategy. In the context of the industry, it is essential for companies like Altimeter Growth Corp. to adopt robust climate commitments and transparent emissions reporting to align with global sustainability goals and stakeholder expectations.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | 00,000,000 | 00,000,000 |
| Scope 2 | 5,030,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,506,045,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Altimeter Growth Corp.'s Industry?
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Altimeter Growth Corp.'s Scope 3 Categories Breakdown
Altimeter Growth Corp.'s Scope 3 emissions, which increased by 20% last year and increased by approximately 58% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 90% of Scope 3 emissions.
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Altimeter Growth Corp.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Altimeter Growth Corp. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
