Fitch Group Sustainability Profile
Fitch Group, a leading global provider of credit ratings, commentary, and research, is headquartered in the United States. Founded in 1914, the company has established a strong presence in key operational regions, including Europe and Asia-Pacific. Fitch Group operates primarily within the financial services industry, with its core business areas encompassing Fitch Ratings, Fitch Solutions, and Fitch Learning. The company is renowned for its comprehensive credit ratings and analytical services, which are distinguished by their rigorous methodologies and deep market insights. As a key player in the credit rating sector, Fitch Group has achieved notable milestones, including its role in shaping global financial markets and regulatory frameworks. With a commitment to transparency and integrity, Fitch Group continues to uphold its reputation as a trusted source of financial intelligence.
DitchCarbon Score
How does Fitch Group'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 Business Services 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
Fitch Group's score of 33 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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Fitch Group's reported carbon emissions
In 2023, Fitch Group reported total carbon emissions of approximately 46,886,000 kg CO2e. This figure includes Scope 1 emissions of about 776,000 kg CO2e, Scope 2 emissions of approximately 3,717,000 kg CO2e (market-based), and Scope 3 emissions amounting to around 42,392,000 kg CO2e. Fitch Group has set a long-term commitment to achieve Net Zero emissions by 2040, as outlined in their environmental strategy initiated in 2023. This commitment encompasses all scopes of emissions, reflecting a comprehensive approach to climate action. The emissions data is cascaded from Fitch Group, Inc., which is the parent company, ensuring that the reported figures align with the broader corporate sustainability initiatives. The company is actively working towards reducing its carbon footprint and enhancing transparency in its environmental impact reporting.
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| 2023 | |
|---|---|
| Scope 1 | 776,000 |
| Scope 2 | 3,717,000 |
| Scope 3 | 42,392,000 |
How Carbon Intensive is Fitch Group's Industry?
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Fitch Group'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.
Fitch Group 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.
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