Coronation Fund Managers Sustainability Profile
Coronation Fund Managers, a prominent investment management firm headquartered in South Africa (ZA), has been a key player in the financial services industry since its establishment in 1993. With a strong presence in both local and international markets, Coronation focuses on asset management, offering a diverse range of investment solutions tailored to meet the needs of individual and institutional clients. The firm is renowned for its commitment to active management and rigorous research, providing unique products such as equity, fixed income, and multi-asset funds. Over the years, Coronation has achieved significant milestones, including recognition for its performance and innovation in investment strategies. As a trusted name in the industry, Coronation Fund Managers continues to uphold its reputation for excellence and integrity in managing client assets.
DitchCarbon Score
How does Coronation Fund Managers'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 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
Coronation Fund Managers's score of 38 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Coronation Fund Managers's reported carbon emissions
In 2024, Coronation Fund Managers reported total carbon emissions of approximately 1,907,700 kg CO2e. This includes Scope 1 emissions of about 35,300 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 1,029,100 kg CO2e. Scope 3 emissions were significant, totalling around 843,300 kg CO2e, with business travel contributing about 583,300 kg CO2e and employee commuting accounting for approximately 255,200 kg CO2e. In 2023, the company recorded total emissions of about 1,698,000 kg CO2e, with Scope 1 emissions at approximately 110,500 kg CO2e, Scope 2 emissions at around 726,800 kg CO2e, and Scope 3 emissions reaching about 860,710 kg CO2e. Despite these figures, Coronation Fund Managers has not set specific reduction targets or initiatives as part of their climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets indicates a lack of formalised goals for emissions reduction. The company’s emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of their own operations. Overall, while Coronation Fund Managers has made strides in measuring their carbon footprint, further commitments and reduction strategies would enhance their climate action profile.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 102,241 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 765,760,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | 38,000,000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Coronation Fund Managers's Industry?
How Carbon Intensive is Coronation Fund Managers's Location?
Coronation Fund Managers's Scope 3 Categories Breakdown
Coronation Fund Managers's Scope 3 emissions, which decreased by 2% last year and decreased by approximately 100% since 2021, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 44% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 69% of Scope 3 emissions.
Top Scope 3 Categories
Coronation Fund Managers's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Coronation Fund Managers has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
