Ares Management

Ares Management's reported carbon emissions

Ares Management, a US-based firm operating in financial intermediation services (excluding insurance and pension funding), reported total carbon emissions of approximately 42.8 million kg CO2e in 2023. This figure includes Scope 1, 2, and 3 emissions. For the same year, Scope 1 emissions were about 47,000 kg CO2e, Scope 2 emissions were approximately 5.4 million kg CO2e (market-based), and Scope 3 emissions totalled around 36 million kg CO2e. In 2022, Ares Management's total emissions stood at approximately 19.3 million kg CO2e, with Scope 1 at about 35,000 kg CO2e, Scope 2 (market-based) at approximately 3.1 million kg CO2e, and Scope 3 emissions at around 15.3 million kg CO2e. The company has set a long-term goal for net-zero greenhouse gas emissions by FY2050, targeting Scope 1 and Scope 2 emissions. In 2021, total emissions were approximately 6.2 million kg CO2e, comprising about 46,900 kg CO2e for Scope 1, around 2.4 million kg CO2e for Scope 2, and approximately 3.8 million kg CO2e for Scope 3. Scope 3 emissions in 2021 included around 1.3 million kg CO2e from employee commutes and about 44,200 kg CO2e from waste generated in operations. For 2020, total emissions were reported at approximately 4 million kg CO2e, with Scope 1 emissions at 0 kg CO2e, Scope 2 at about 1.8 million kg CO2e, and Scope 3 at approximately 2.2 million kg CO2e. In 2019, total emissions were around 12.8 million kg CO2e, with Scope 1 emissions at 0 kg CO2e, Scope 2 at approximately 1.9 million kg CO2e, and Scope 3 at about 10.9 million kg CO2e. Ares Management's TCFD Climate Action Reports highlight their commitment to climate action, and their emissions data is not cascaded from a parent organisation. The company's Scope 1 and Scope 2 emissions intensity per full-time equivalent (FTE) was 15,000 kg CO2e in 2023 and 7,520 kg CO2e in 2022. In 2021, emissions intensity per FTE was 2,750 kg CO2e.