Macquarie Group Limited, commonly known as Macquarie, is a leading global financial services provider headquartered in Sydney, Australia. Founded in 1969, the company has established a strong presence across major operational regions, including North America, Europe, and Asia-Pacific. Operating primarily in the banking and financial services industry, Macquarie offers a diverse range of services, including asset management, investment banking, and commodities trading. Its unique approach to client solutions and risk management has positioned it as a trusted partner in the financial sector. With a reputation for innovation and excellence, Macquarie has achieved significant milestones, including its listing on the Australian Securities Exchange. The firm is recognised for its robust market position and commitment to sustainable investment practices, making it a prominent player in the global financial landscape.
How does Macquarie'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.
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.
Macquarie's score of 7 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Macquarie reported total carbon emissions of approximately 218,310,000 kg CO2e, with emissions distributed across various scopes: 385,000 kg CO2e from Scope 1, 0 kg CO2e from Scope 2, and 218,310,000 kg CO2e from Scope 3. The Scope 3 emissions included significant contributions from business travel (about 67,141,000 kg CO2e) and purchased goods and services (approximately 147,003,000 kg CO2e). In 2024, Macquarie's emissions slightly increased, totalling about 223,010,000 kg CO2e, with Scope 1 emissions at 392,000 kg CO2e and no emissions reported for Scope 2. The Scope 3 emissions again comprised the majority, including business travel (approximately 63,122,000 kg CO2e) and purchased goods and services (around 156,018,000 kg CO2e). Despite the detailed emissions reporting, Macquarie has not set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term climate strategy. Overall, Macquarie's emissions profile highlights the significant impact of Scope 3 emissions, particularly from business travel and procurement activities, which are critical areas for potential future reductions.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|
Scope 1 | 176,870,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
Scope 2 | 870,709,000 | 00,000,000 | 00,000,000 | - | - | - |
Scope 3 | 668,780,000 | 000,000,000 | - | - | 000,000,000 | 000,000,000 |
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.
Macquarie is not committed to any reduction initiatives 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.