Amp Capital

Amp Capital's reported carbon emissions

AMP Capital, an Australian financial intermediation services firm, reported total greenhouse gas emissions of approximately 6.63 million kg CO2e for the year 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. In 2023, Scope 1 emissions were approximately 27,000 kg CO2e, Scope 2 emissions were about 953,000 kg CO2e, and Scope 3 emissions stood at approximately 5.65 million kg CO2e. The company also disclosed investment-related Scope 3 emissions amounting to about 143.71 million kg CO2e for the same year. Looking at previous years, AMP Capital's total emissions in 2022 were approximately 14.72 million kg CO2e, comprising Scope 1 and 2 emissions. For 2021, the total emissions were approximately 14.72 million kg CO2e, with Scope 1 emissions at about 146,000 kg CO2e, Scope 2 at approximately 7.21 million kg CO2e, and Scope 3 at about 9.73 million kg CO2e. In 2020, total emissions were reported as approximately 15.44 million kg CO2e, with Scope 1 at about 24.02 million kg CO2e, Scope 2 at approximately 32.16 million kg CO2e, and Scope 3 at about 9.03 million kg CO2e. In 2019, total emissions were approximately 21.99 million kg CO2e, with Scope 1 at 75,000 kg CO2e, Scope 2 at approximately 7.69 million kg CO2e, and Scope 3 at about 14.23 million kg CO2e, including significant investment-related Scope 3 emissions of approximately 99.84 million kg CO2e. AMP Capital has established climate commitments, including a near-term target to reduce Scope 1 and 2 emissions by 42% by 2030, using 2019 as a base year. This target includes a commitment to use 100% renewable electricity. Furthermore, AMP Capital has committed its managed Real Estate funds to achieve net-zero carbon for Scope 1 and 2 emissions by 2030. This initiative also entails ensuring that buildings operate on 100% renewable electricity.