Australian Ethical Investment

Australian Ethical Investment's reported carbon emissions

Australian Ethical Investment (AU) is committed to ambitious climate targets, aiming for its portfolio to be net-zero emissions intensive by 2050. This commitment aligns with the broader financial services industry's growing focus on decarbonisation. While detailed Scope 1 and 2 emissions data for Australian Ethical Investment itself are not fully disclosed for recent years, the company has reported Scope 3 emissions. In 2022, Scope 3 emissions were approximately 569,600 kg CO2e. In 2021, this figure was about 349,800 kg CO2e, and in 2020, it was approximately 449,500 kg CO2e. For 2019, Scope 3 emissions were about 54,700 kg CO2e, with an additional 50,200 kg CO2e attributed to Scope 1 and 2. In 2018, Scope 3 emissions were approximately 36,500 kg CO2e, alongside 50,100 kg CO2e for Scope 1 and 2. The organisation has previously aimed to reduce its Scope 1 and Scope 2 emissions to near zero by the middle of the current decade (around 2025), as indicated in a 2009 report. More recently, in line with SBTi frameworks, Australian Ethical Investment is listed as having a net-zero commitment for all scopes by 2050, with a "BA1.5" designation dating back to August 2019, indicating alignment with a 1.5°C warming pathway. The company also provides emissions intensity metrics, such as full scope emissions per full-time equivalent employee and per billion Australian dollars of funds under management, offering insights into the carbon footprint relative to its operational scale. It's important to note that Australian Ethical Investment's emissions data is not cascaded from a parent organisation; the data presented pertains directly to the company.