Insignia Financial
Insignia Financial, formerly known as IOOF Holdings Limited, is a prominent Australian financial services company headquartered in Melbourne, Victoria. Established in 1846, Insignia Financial has evolved into a leading player in the wealth management and financial advice sectors, serving clients across Australia. The company offers a diverse range of core products and services, including superannuation, investment management, and financial planning. Insignia Financial distinguishes itself through its commitment to personalised service and innovative solutions tailored to meet the unique needs of its clients. With a strong market position, Insignia Financial has achieved significant milestones, including strategic acquisitions that have expanded its operational footprint and enhanced its service offerings. As a trusted name in the industry, Insignia Financial continues to set benchmarks in financial advisory and wealth management.
DitchCarbon Score
How does Insignia Financial'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
Insignia Financial's score of 29 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Insignia Financial's reported carbon emissions
In 2023, Insignia Financial reported total carbon emissions of approximately 14,660,000 kg CO2e. This figure includes 0 kg CO2e from Scope 1 emissions, 1,355,200 kg CO2e from Scope 2 emissions, and about 13,304,900 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions encompass significant contributions from employee commuting (approximately 2,915,632 kg CO2e) and business travel (around 981,949 kg CO2e). In 2022, the company recorded total emissions of about 14,805,015 kg CO2e, with similar distributions across the scopes: 1,500 kg CO2e for Scope 1, 1,545,600 kg CO2e for Scope 2, and 8,278,800 kg CO2e for Scope 3. The 2021 emissions were reported at approximately 9,825,900 kg CO2e, indicating a substantial increase in emissions over the subsequent years. Despite the rising emissions, Insignia Financial has not disclosed specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the organisation. As the financial services industry increasingly prioritises sustainability, Insignia Financial's future climate actions will be crucial in aligning with global climate goals.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,500 | 0,000 | - |
| Scope 2 | 1,545,600 | 0,000,000 | 0,000,000 |
| Scope 3 | 8,278,800 | 0,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Insignia Financial 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.
