IFM Investors

IFM Investors's reported carbon emissions

IFM Investors, an Australian financial services company, has outlined significant commitments to address its carbon emissions. For the reporting year 2023, the company reported total emissions of approximately 17.5 billion kg CO2e. This figure comprises Scope 2 market-based emissions of about 241,000 kg CO2e and Scope 3 investment emissions of approximately 7.1 trillion kg CO2e. Looking at the most recent available data for 2024, IFM Investors reported total emissions of approximately 16.5 billion kg CO2e. This includes Scope 2 market-based emissions of approximately 130,000 kg CO2e and Scope 3 investment emissions of about 5 million kg CO2e. IFM Investors has established several reduction targets. For its private equity portfolio, the company aims for a 45% reduction in Scope 1 and Scope 2 emissions by 2030, using a 2020 baseline. In its infrastructure equity portfolio, IFM set an initial target in 2021 to reduce Scope 1 and Scope 2 emissions by at least 1.2 million metric tonnes of CO2e by 2030, relative to a 2019 baseline of 3 million metric tonnes of CO2e. Furthermore, IFM Investors has a long-term aspiration to achieve net-zero greenhouse gas emissions across its asset classes, covering Scope 1, 2, and 3 emissions, by 2050. The company is actively working towards these targets, with some initiatives already on track. It is important to note that IFM Investors' emissions data is cascaded from its parent organisation, IFM Investors Pty Ltd, at a cascade level of 2. This means that the reported figures are derived from the performance and initiatives of IFM Investors Pty Ltd.