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.
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.
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.
Coronation Fund Managers's score of 40 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Coronation Fund Managers reported total carbon emissions of approximately 1,698,000 kg CO2e. This figure includes Scope 1 emissions of about 110,500 kg CO2e, primarily from stationary combustion and fugitive emissions, Scope 2 emissions of around 726,800 kg CO2e from purchased electricity, and Scope 3 emissions totalling approximately 860,710 kg CO2e, which encompasses business travel, employee commuting, and other indirect emissions. The company has set ambitious near-term climate commitments, aiming to maintain its carbon-neutral status through partnerships with the Stellenbosch Community Recycling Project. This initiative targets both Scope 1 and Scope 2 emissions, with a timeframe extending from 2023 to 2025. In 2021, Coronation's total emissions were significantly lower at about 1,021 kg CO2e, with Scope 1 emissions at approximately 102,241 kg CO2e and Scope 2 emissions from purchased electricity reaching about 765,760,000 kg CO2e. The substantial increase in emissions in 2023 highlights the need for ongoing commitment to sustainability and effective reduction strategies. Overall, Coronation Fund Managers is actively working towards reducing its carbon footprint while maintaining transparency in its emissions reporting and climate commitments.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2023 | 2024 | |
---|---|---|---|
Scope 1 | 102,241 | 000,000 | 00,000 |
Scope 2 | 765,760,000 | 000,000 | 0,000,000 |
Scope 3 | 38,000,000,000 | 000,000 | 000,000 |
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.
Coronation Fund Managers 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.