Insignia Financial

In 2023, Insignia Financial reported total carbon emissions of approximately 14.66 million tonnes CO2e. This figure includes 1.36 million tonnes CO2e from Scope 2 emissions, primarily from purchased electricity, and about 13.30 million tonnes CO2e from Scope 3 emissions, which encompass areas such as employee commuting and business travel. Notably, Scope 1 emissions were recorded at zero, indicating no direct emissions from owned or controlled sources. Comparatively, in 2022, the company’s total emissions were around 13.76 million tonnes CO2e, with Scope 2 emissions at approximately 1.34 million tonnes CO2e and Scope 3 emissions significantly higher at about 13.76 million tonnes CO2e. This reflects a slight increase in total emissions from 2022 to 2023. Insignia Financial has not publicly committed to specific reduction targets or initiatives as part of recognised frameworks such as the Science Based Targets initiative (SBTi). Their CDP scores indicate a need for improvement, with several assessments resulting in an "F" rating, suggesting that the company has room to enhance its climate strategy and transparency. Overall, while Insignia Financial has made strides in reporting its emissions, the lack of defined reduction targets and the recent increase in total emissions highlight the need for a more robust climate commitment moving forward.