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Public Profile
Services Auxiliary to Financial Intermediation
AU
updated a month ago

Challenger

Company website

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.

31

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.

29

Industry Benchmark

Challenger's score of 31 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.

53%

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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. The Scope 3 emissions for that year were about 4,099,140 kg CO2e. Challenger has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company does not appear to inherit emissions data from a parent organisation, and all reported figures are directly from Challenger Limited. 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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201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Challenger's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Challenger is in AU, which has a very high grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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