Blackstone

Blackstone's reported carbon emissions

Blackstone, a financial intermediation services provider headquartered in the US, reported a total of approximately 26.4 billion kg CO2e in emissions for the 2024 reporting year. This figure encompasses Scope 1, 2, and 3 emissions. In 2024, Scope 1 emissions were approximately 466,000 kg CO2e, while Scope 2 emissions (market-based) totalled approximately 12.8 million kg CO2e. Scope 3 emissions, which include business travel, employee commute, upstream leased assets, and waste generated in operations, amounted to approximately 25.5 million kg CO2e. The prior year, 2023, saw total emissions of approximately 21.7 billion kg CO2e, with Scope 1 at approximately 445,000 kg CO2e, Scope 2 (market-based) at approximately 12.8 million kg CO2e, and Scope 3 at approximately 23.5 million kg CO2e. Blackstone is committed to achieving net zero emissions by 2050, covering both Scope 1 and Scope 2 emissions. Additionally, for new assets where Blackstone controls energy usage, there is a near-term goal to reduce Scope 1 and Scope 2 carbon emissions by 15% in aggregate over the first three years of ownership, starting in 2021 and concluding in 2024. It's important to note that emissions data is not cascaded from a parent organisation.