Blackstone
Blackstone, officially known as The Blackstone Group Inc., is a leading global investment firm headquartered in the United States. Founded in 1985, the company has established itself within the services auxiliary to financial intermediation sector, primarily focusing on private equity, real estate, and credit. With a strong presence in major financial hubs, including New York and London, Blackstone has consistently been at the forefront of innovative investment strategies.
The firm is renowned for its unique approach to asset management, leveraging extensive market insights and a robust network to deliver exceptional returns. Blackstone's notable achievements include being one of the largest alternative investment firms globally, with a diverse portfolio that spans various industries. Its commitment to excellence and strategic growth has solidified its position as a market leader in the financial services sector.
+8 vs industry average
Blackstone’s score of 45 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Blackstone's reported carbon emissions
Blackstone's latest reported carbon emissions are for the year 2024, with a total of approximately 26.7 billion kg CO2e. This figure encompasses Scope 1, Scope 2 (market-based), and Scope 3 emissions.
In 2024, Scope 1 emissions were approximately 466,000 kg CO2e, and Scope 2 emissions (market-based) totalled approximately 12.8 billion kg CO2e. Scope 3 emissions for 2024 included business travel at about 13.0 billion kg CO2e, employee commute at approximately 6.0 billion kg CO2e, upstream leased assets at about 36,000 kg CO2e, and waste generated in operations at approximately 662,000 kg CO2e.
For 2023, Blackstone reported total emissions of approximately 26.2 billion kg CO2e. Scope 1 emissions were around 445,000 kg CO2e, and Scope 2 emissions (market-based) were approximately 12.8 billion kg CO2e. Scope 3 emissions included business travel at about 12.6 billion kg CO2e, employee commute at approximately 5.4 billion kg CO2e, upstream leased assets at roughly 39,000 kg CO2e, and waste generated in operations at approximately 571,000 kg CO2e.
Previously, in 2022, total emissions were approximately 21.8 billion kg CO2e. Scope 1 was around 542,000 kg CO2e, and Scope 2 (market-based) was approximately 10.7 billion kg CO2e. Scope 3 emissions included business travel at about 12.1 billion kg CO2e, employee commute at approximately 5.0 billion kg CO2e, upstream leased assets at about 109,000 kg CO2e, and waste generated in operations at approximately 389,000 kg CO2e.
In 2021, total emissions were approximately 18.3 billion kg CO2e, with Scope 1 at around 272,000 kg CO2e and Scope 2 (market-based) at approximately 8.8 billion kg CO2e. Scope 3 emissions for that year included business travel at about 4.1 billion kg CO2e, employee commute at approximately 4.1 billion kg CO2e, upstream leased assets at about 117,000 kg CO2e, and waste generated in operations at approximately 357,000 kg CO2e.
For 2020, total emissions were approximately 15.1 billion kg CO2e, with Scope 1 at about 279,000 kg CO2e and Scope 2 (market-based) at approximately 7.3 billion kg CO2e. Scope 3 emissions included business travel at about 2.7 billion kg CO2e, employee commute at approximately 1.5 billion kg CO2e, upstream leased assets at about 70,000 kg CO2e, and waste generated in operations at approximately 101,000 kg CO2e.
In 2019, total emissions were approximately 16.2 billion kg CO2e. Scope 1 emissions were around 274,000 kg CO2e, and Scope 2 emissions (market-based) were approximately 7.9 billion kg CO2e. Scope 3 emissions included business travel at about 11.8 billion kg CO2e, employee commute at approximately 4.4 billion kg CO2e, upstream leased assets at about 75,000 kg CO2e, and waste generated in operations at approximately 396,000 kg CO2e.
Blackstone is committed to achieving net-zero emissions by 2050 across Scope 1 and Scope 2. Furthermore, they have implemented an Emissions Reduction Program with a goal to reduce Scope 1 and Scope 2 carbon emissions for new assets where they control energy usage by 15 percent in aggregate over the first three years of ownership, starting in 2021. Notably, Link Logistics, an operator of logistics real estate assets and a part of Blackstone's portfolio, committed to achieving carbon-neutral operations by 2025.
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Blackstone’s Climate Goals (2030 & 2050)
4 goals2024
15% reduction in Scope 1
In January 2021, we announced our Emissions Reduction Program and started implementing a new goal of reducing Scope 1 and Scope 2 carbon emi…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Blackstone
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