Jupiter Fund Management

Jupiter Fund Management Climate Commitments and Emissions

Jupiter Fund Management, headquartered in GB and operating within the financial intermediation services sector, is actively engaged in climate action. The company has committed to achieving net-zero greenhouse gas (GHG) emissions by 2050, aligning with the standards set by the Science Based Targets initiative (SBTi). This ambitious long-term goal encompasses all scopes of emissions.

In addition to its net-zero commitment, Jupiter has established near-term targets. Operationally, the company aims to reduce absolute GHG emissions by 46% by 2030, using a 2019 baseline for Scope 1 and 2 (location-based) emissions. Furthermore, Jupiter is working to reduce the emissions intensity of its in-scope assets by 50% by 2030, with a 2020 baseline for Scope 1 and 2 emissions.

For the reporting year 2024, Jupiter Fund Management reported approximately 18.8 million kg CO2e in total emissions. This figure includes approximately 66,000 kg CO2e for Scope 1, approximately 77,000 kg CO2e for Scope 2 (market-based), and a significant portion of approximately 18.5 million kg CO2e for Scope 3 emissions. The largest contributor to Scope 3 emissions is purchased goods and services, accounting for approximately 15.1 million kg CO2e.

Reviewing historical data, total emissions in 2023 were approximately 20.0 million kg CO2e, with Scope 1 emissions at approximately 130,000 kg CO2e and Scope 3 emissions at approximately 19.6 million kg CO2e. In 2022, total emissions were approximately 21.0 million kg CO2e, with Scope 1 at approximately 72,000 kg CO2e and Scope 3 at approximately 20.6 million kg CO2e. The year 2021 saw a notable increase in total emissions to approximately 32.8 million kg CO2e, with Scope 1 at approximately 121,000 kg CO2e and Scope 3 at approximately 32.4 million kg CO2e. Prior to this, emissions were lower, with 2020 reporting approximately 20.1 million kg CO2e and 2019 reporting approximately 27.6 million kg CO2e. Data for 2018 indicates approximately 462,500 kg CO2e for Scope 1 and 2 combined, and 2017 reports Scope 2 emissions of approximately 474,700 kg CO2e.