Azalea Sustainability Profile
Azalea, officially known as Azalea Asset Management, is a prominent player in the investment management industry, headquartered in Singapore (SG). Founded in 2018, the company has quickly established itself as a leader in managing private equity and real estate investments across the Asia-Pacific region. With a focus on delivering innovative investment solutions, Azalea offers a range of services including fund management and advisory, catering to institutional and accredited investors. Their unique approach combines deep market insights with a commitment to sustainable investing, setting them apart in a competitive landscape. Recognised for their strategic partnerships and robust performance, Azalea continues to strengthen its market position, contributing significantly to the growth of the investment sector in Singapore and beyond.
DitchCarbon Score
How does Azalea's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Azalea's score of 30 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Azalea's reported carbon emissions
In 2023, Azalea reported total carbon emissions of approximately 1,303,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 1,288,000 kg CO2e. The breakdown of these emissions includes 683,000 kg CO2e from purchased goods and services, 439,000 kg CO2e from business travel, and 100,000 kg CO2e from capital goods. Scope 2 emissions from purchased electricity were reported at 15,000 kg CO2e. Comparatively, in 2022, Azalea's total emissions were approximately 382,000 kg CO2e, indicating a substantial increase in emissions year-on-year. The 2022 data also highlighted that Scope 3 emissions were primarily driven by business travel, which contributed 363,000 kg CO2e. Azalea's emissions data is cascaded from its parent company, Astrea 7 Pte. Ltd., reflecting the corporate family's overall environmental impact. However, Azalea has not set specific reduction targets or climate pledges as part of its sustainability initiatives. The absence of documented reduction targets suggests a need for further commitment to climate action within the organisation. Overall, while Azalea has made strides in reporting its emissions, the lack of reduction initiatives indicates an opportunity for enhanced climate commitments moving forward.
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| 2022 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 12,000 |
| Scope 3 | 370,000 |
How Carbon Intensive is Azalea's Industry?
How Carbon Intensive is Azalea's Location?
Azalea's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 98% of Scope 3 emissions.
Top Scope 3 Categories
Azalea's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Azalea has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
