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Challenger Limited (ASX: CGF), widely recognised as Challenger, is a prominent Australian financial services group headquartered in AU. Operating within the industry classification of "Services auxiliary to financial intermediation (67)", Challenger was formed in 1985 and has since grown to be a leader dedicated to providing financial security for retirement.
Challenger's core business revolves around two key divisions. Its Life division is Australia's leading provider of annuities and guaranteed retirement income products, while its Funds Management division offers diverse investment management strategies across various asset classes, serving institutional and retail clients. This specialisation firmly positions Challenger as a significant investment manager and a pivotal player in the Australian wealth management sector.
+14 vs industry average
Challenger’s score of 51 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Challenger, an Australian-based company in Services auxiliary to financial intermediation, reported total emissions of approximately 5,027.9 tonnes CO2e in 2024. This included Scope 1 emissions of 2.9 tonnes CO2e, Scope 2 emissions of 624.9 tonnes CO2e, and Scope 3 emissions of 4,559 tonnes CO2e. Key Scope 3 contributors included employee commute at 141.9 tonnes CO2e, upstream leased assets at 1.3 tonnes CO2e, purchased goods and services at 5.4 tonnes CO2e, and waste generated in operations at 2.5 tonnes CO2e.
In 2023, Challenger's total emissions were approximately 4,997.9 tonnes CO2e, comprising 34.9 tonnes CO2e from Scope 1, 670.9 tonnes CO2e from Scope 2, and 4,292.1 tonnes CO2e from Scope 3. Employee commute contributed 151.7 tonnes CO2e to Scope 3, purchased goods and services contributed 9.2 tonnes CO2e, and waste generated in operations contributed 4.1 tonnes CO2e.
Looking back to 2022, total emissions were approximately 4,799.85 tonnes CO2e, with Scope 1 emissions from stationary combustion at 40.67 tonnes CO2e, Scope 2 emissions from purchased electricity at 660.03 tonnes CO2e, and Scope 3 emissions totalling 4,099.14 tonnes CO2e. Notable Scope 3 categories for 2022 included business travel at 352.19 tonnes CO2e and employee commute at 291.33 tonnes CO2e.
The company's emissions data for 2021 shows total emissions of approximately 4,129 tonnes CO2e, with Scope 3 emissions at 3,438 tonnes CO2e and combined Scope 1 and 2 emissions at 691 tonnes CO2e. In 2020, total emissions were approximately 5,062 tonnes CO2e, with Scope 3 at 4,179 tonnes CO2e and combined Scope 1 and 2 at 882 tonnes CO2e.
In 2019, Challenger reported total emissions of approximately 5,562.6 tonnes CO2e, with Scope 1 emissions of 4 tonnes CO2e, Scope 2 emissions of 899.4 tonnes CO2e, and Scope 3 emissions of 4,659.2 tonnes CO2e. In 2018, Scope 1 emissions were 3.5 tonnes CO2e, Scope 2 emissions were 838.1 tonnes CO2e, and Scope 3 emissions were 4,576.1 tonnes CO2e. No total emissions figure was provided for 2018.
Challenger has not disclosed any specific reduction targets or climate pledges, including SBTi targets. The emissions data is reported directly by Challenger Limited, with no cascading from a parent organisation.
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No climate goals have been disclosed for Challenger yet.
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