Jupiter Fund Management

Jupiter Fund Management's reported carbon emissions

Jupiter Fund Management, a UK-based firm in financial intermediation services, has reported a total of approximately 18.8 million kg CO2e in 2024. This figure encompasses Scope 1, 2, and 3 emissions. The company's Scope 1 emissions were around 66,000 kg CO2e, with stationary combustion accounting for approximately 51,000 kg CO2e. Scope 2 emissions, using the market-based approach, totalled about 77,000 kg CO2e. Scope 3 emissions were the largest contributor, reaching approximately 18.5 million kg CO2e in 2024. The primary drivers within Scope 3 included purchased goods and services, which amounted to roughly 15.1 million kg CO2e, and business travel at approximately 2.2 million kg CO2e. Jupiter Fund Management has established several climate commitments. They have committed to achieving net zero by 2050, aligning with the Science Based Targets initiative (SBTi) standards. Operationally, Jupiter aims to reduce absolute greenhouse gas emissions by 46% by 2030 for Scope 1 and 2 (location-based) emissions, using a 2019 baseline. Additionally, they plan to reduce the portfolio emissions intensity (Scope 1 and 2 only) of in-scope assets by 50% by 2030, measured against a 2020 baseline. The company's 2024 sustainability report indicates progress, with targets for Scope 1 and 2 emissions being on track for both two-year and five-year periods.