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 28 is higher than 53% 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 15,106,900 kg CO2e. This figure includes 1,355,200 kg CO2e from Scope 2 emissions, primarily from purchased electricity, and a significant 13,304,900 kg CO2e from Scope 3 emissions, which encompasses areas such as business travel (981,948.5 kg CO2e) and employee commuting (2,915,631.7 kg CO2e). Notably, Scope 1 emissions were recorded at 0 kg CO2e. Comparatively, in 2022, the company’s total emissions were about 13,764,700 kg CO2e, with Scope 2 emissions at 1,342,200 kg CO2e and Scope 3 emissions at 13,764,700 kg CO2e. In 2021, total emissions were approximately 9,825,900 kg CO2e, with Scope 1 emissions at 1,500 kg CO2e, Scope 2 at 1,545,600 kg CO2e, and Scope 3 at 8,278,800 kg CO2e. Despite these figures, Insignia Financial has not set specific reduction targets or climate pledges, nor do they have any initiatives reported under the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from any parent organization, indicating that all reported figures are directly from Insignia Financial Ltd. Overall, while Insignia Financial has made strides in reporting its emissions, the absence of reduction targets highlights an area for potential improvement in their climate commitments.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,500 | - | - |
| Scope 2 | 1,545,600 | 0,000,000 | 0,000,000 |
| Scope 3 | 8,278,800 | 00,000,000 | 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.
