Blackstone Inc., a leading global investment firm headquartered in the United States, has established itself as a powerhouse in the alternative asset management industry since its founding in 1985. With a strong presence in major operational regions including North America, Europe, and Asia, Blackstone focuses on private equity, real estate, credit, and hedge fund investment strategies. Renowned for its innovative approach, Blackstone offers a diverse range of core services that include investment management and financial advisory. The firm is distinguished by its ability to leverage extensive market insights and a robust network to drive value for its clients. Over the years, Blackstone has achieved significant milestones, solidifying its market position as one of the largest and most respected investment firms globally, with a reputation for delivering strong returns and strategic growth.
How does Blackstone'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.
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.
Blackstone's score of 49 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Blackstone reported total carbon emissions of approximately 13,284,000 kg CO2e, which includes 466,000 kg CO2e from Scope 1 and about 12,818,000 kg CO2e from Scope 2 emissions. The Scope 3 emissions were significant, with business travel contributing approximately 13,048,000 kg CO2e and employee commute adding about 5,976,000 kg CO2e. Comparatively, in 2023, Blackstone's total emissions were about 13,228,000 kg CO2e, with Scope 1 emissions at 445,000 kg CO2e and Scope 2 emissions at approximately 12,783,000 kg CO2e. The Scope 3 emissions for that year included around 12,559,000 kg CO2e from business travel and 5,408,000 kg CO2e from employee commute. Blackstone has set ambitious climate commitments, including a target to achieve net zero emissions by 2050. Additionally, the company initiated an Emissions Reduction Program in January 2021, aiming for a 15% reduction in Scope 1 and Scope 2 emissions for new assets under its control over the first three years of ownership, targeting completion by 2024. Link Logistics, a subsidiary of Blackstone, has also committed to achieving carbon-neutral operations by 2025, which reflects the company's broader strategy to enhance sustainability across its portfolio. Overall, Blackstone's emissions data and climate commitments underscore its proactive approach to addressing climate change and reducing its carbon footprint.
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 274,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,883,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 16,632,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Blackstone's Scope 3 emissions, which increased by 6% last year and increased by approximately 19% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 60% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 66% of Scope 3 emissions.
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.
Blackstone 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.
