Magellan Financial Group Limited
Magellan Financial Group Limited, commonly referred to as Magellan, is a prominent Australian investment management firm headquartered in Sydney, Australia. Founded in 2006, the company has established itself as a leader in the financial services industry, specialising in global equities and infrastructure investments. Magellan offers a range of unique investment products, including managed funds and investment trusts, designed to deliver superior long-term returns for its clients. The firm is renowned for its rigorous investment process and commitment to risk management, setting it apart in a competitive market. With a strong presence in both domestic and international markets, Magellan has achieved significant milestones, including substantial growth in assets under management. Its reputation for excellence has positioned it as a trusted partner for investors seeking innovative and effective investment solutions.
DitchCarbon Score
How does Magellan Financial Group Limited'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
Magellan Financial Group Limited's score of 13 is lower than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Magellan Financial Group Limited's reported carbon emissions
In 2024, Magellan Financial Group Limited reported carbon emissions of approximately 114,000 kg CO2e, all of which fall under Scope 2 emissions. This marks an increase from 2022, when the company emitted about 60,000 kg CO2e. The emissions for the intervening years were 113,000 kg CO2e in 2021 and 122,000 kg CO2e in 2020, indicating a fluctuating trend in their carbon footprint. Despite these figures, Magellan has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon emissions. The absence of a climate pledge or commitments to the Science Based Targets initiative (SBTi) suggests that the company may still be in the early stages of formalising its climate strategy. As a financial services provider based in Australia, Magellan operates in an industry increasingly scrutinised for its environmental impact, highlighting the importance of establishing clear climate commitments moving forward.
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| 2020 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | 122,000 | 000,000 | 00,000 | 000,000 |
| Scope 3 | - | - | - | - |
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.
Magellan Financial Group Limited 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.
