Challenger
Challenger Limited, commonly referred to as Challenger, is a prominent Australian investment management firm headquartered in Sydney, Australia. Founded in 1985, the company has established itself as a leader in the financial services industry, specialising in retirement income and investment solutions. With a strong presence across Australia and New Zealand, Challenger offers a range of unique products, including annuities and investment funds, designed to provide financial security for retirees. Over the years, Challenger has achieved significant milestones, including the introduction of innovative retirement income products that cater to the evolving needs of Australian consumers. The firm is recognised for its commitment to delivering sustainable investment returns and has garnered a reputation for excellence in the market. With a focus on risk management and customer-centric solutions, Challenger continues to play a vital role in shaping the future of retirement planning in the region.
DitchCarbon Score
How does Challenger'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
Challenger's score of 31 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Challenger's reported carbon emissions
In 2023, Challenger reported total carbon emissions of approximately 4,997,900 kg CO2e. This figure includes Scope 1 emissions of about 34,870 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 670,910 kg CO2e from purchased electricity. The majority of their emissions, about 4,292,120 kg CO2e, fall under Scope 3, which encompasses indirect emissions such as business travel (approximately 882,130 kg CO2e) and employee commuting (about 657,230 kg CO2e). Comparatively, in 2022, Challenger's total emissions were around 4,799,850 kg CO2e, with Scope 1 emissions at about 40,670 kg CO2e and Scope 2 emissions at approximately 660,030 kg CO2e. Scope 3 emissions for that year were about 4,099,140 kg CO2e. Challenger has not set specific reduction targets or initiatives as part of their climate commitments, and there are no SBTi (Science Based Targets initiative) reduction targets reported. The company does not appear to inherit emissions data from a parent organisation, as indicated by their independent reporting status. Overall, Challenger's emissions data reflects a significant reliance on Scope 3 emissions, highlighting the importance of addressing indirect emissions in their climate strategy.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,500 | 0,000 | - | - | 00,000 | 00,000 |
| Scope 2 | 838,100 | 000,000 | - | - | 000,000 | 000,000 |
| Scope 3 | 4,576,100 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Challenger is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
