Australian Finance Group Limited

Australian Finance Group Limited's reported carbon emissions

Australian Finance Group Limited (AFG), an Australian services auxiliary to financial intermediation company, reported approximately 1.48 million kg CO2e in total emissions for the fiscal year 2023. This total comprises approximately 790 kg CO2e of Scope 1 emissions, approximately 133,220 kg CO2e of Scope 2 emissions, and approximately 1.35 million kg CO2e of Scope 3 emissions. For the fiscal year 2022, AFG's total emissions were approximately 982,800 kg CO2e, which included about 700 kg CO2e from Scope 1, approximately 97,600 kg CO2e from Scope 2, and approximately 884,400 kg CO2e from Scope 3. In fiscal year 2021, the company's total emissions amounted to approximately 880,680 kg CO2e, consisting of about 1,170 kg CO2e from Scope 1, approximately 98,880 kg CO2e from Scope 2, and approximately 780,630 kg CO2e from Scope 3. AFG's climate commitments include a long-term net-zero target for Scope 1 and 2 emissions by 2050, with an initial allocation of $150 million over five years dedicated to the low-carbon transition. Additionally, there are near-term net-zero commitments by 2030 mentioned in relation to Vestas, without the use of offsets. It's important to note that a specific category within Scope 3 emissions, "purchased goods and services," was identified as a missing data point for fiscal years 2021, 2022, and 2023.