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 41 is higher than 84% 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, comprising 34,900 kg CO2e from Scope 1, 670,900 kg CO2e from Scope 2, and 4,292,100 kg CO2e from Scope 3 emissions. This marked a slight increase from 2022, where total emissions were about 4,799,850 kg CO2e. Over the years, Challenger has demonstrated a commitment to reducing its carbon footprint. In 2021, the company achieved a total emission reduction to approximately 4,129,000 kg CO2e, down from about 5,062,000 kg CO2e in 2020. This trend reflects a broader effort to manage and mitigate emissions across all scopes, with significant contributions from Scope 3, which consistently represents the largest portion of their emissions profile. Despite these reductions, Challenger has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other formal climate pledges. The company continues to monitor and report its emissions, indicating a commitment to transparency and accountability in its climate strategy.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,500 | 0,000 | 0,000 | 000 | 0,000 | 00,000 | 0,000 |
| Scope 2 | 838,100 | 000,000 | 000,000 | 000,000 | 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 | 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.
