Amp Capital

AMP Capital's Carbon Emissions & Climate Commitments

AMP Capital, a financial intermediation services company headquartered in Australia, is actively working to reduce its carbon footprint.

In 2023, AMP Capital reported total Scope 1 emissions of 27,000 kg CO2e, Scope 2 emissions of 953,000 kg CO2e, and Scope 3 emissions of 5,653,000 kg CO2e. For comparison, in 2022, Scope 3 emissions were 9,278,000 kg CO2e, and combined Scope 1 and 2 emissions totalled 14,716,000 kg CO2e. In 2021, the company's total emissions were 14,716,000 kg CO2e, with Scope 1 emissions at 146,000 kg CO2e, Scope 2 emissions at 7,208,000 kg CO2e, and Scope 3 emissions at 9,728,000 kg CO2e. This reflects a significant reduction in Scope 3 emissions between 2021 and 2023.

AMP Capital has set ambitious climate targets. The company aims for carbon neutrality, with a near-term target to reduce its Scope 1 and 2 emissions by 42% by 2030, from a 2019 base year, including a commitment to 100% renewable electricity. Furthermore, AMP Capital has committed that all its managed Real Estate funds will achieve zero net carbon by 2030 for Scope 1 and 2 emissions.