Colonial First State Investments Limited

Colonial First State Investments Limited (CFS), an Australian financial intermediation services provider, has outlined its commitments to reducing its climate impact. For the financial year 2024, CFS reported Scope 2 emissions of approximately 950,000 kg CO2e (location-based).

In 2023, CFS reported total Scope 1 and 2 emissions of approximately 23,066,000 kg CO2e and Scope 3 investment emissions of approximately 3,980,039,800 kg CO2e. The company also reported Scope 1 and 2 emissions of approximately 24,628,000 kg CO2e in 2022 and 24,968,000 kg CO2e in 2021. Prior to this, in 2020, Scope 1 and 2 emissions were approximately 22,508,000 kg CO2e. In 2019, CFS reported Scope 1 and 2 emissions totalling approximately 31,225,000 kg CO2e, alongside Scope 3 investment emissions of approximately 6,230,000,000 kg CO2e.

CFS has committed to achieving net zero by 2030 for its Scope 1 and 2 corporate operational emissions, using the market-based measurement approach. The company's sustainability reporting for FY24 indicates this target, with a specified timeframe of near-term and an end year of 2030. CFS also provides financed emissions intensity data, reporting approximately 7.165 x 10^-5 kg CO2e per unit of revenue for Scope 1 and 2 emissions in 2023. For 2019, the weighted average carbon intensity was reported as 0.25887 kg CO2e per unit of revenue for Scope 1 and 2. CFS acknowledges missing data points for Scope 3 purchased goods and services across its reported years.