Morningstar
Morningstar, Inc., a leading provider of independent investment research, is headquartered in the United States, with significant operations across North America, Europe, and Asia. Founded in 1984, the company has established itself as a trusted source of data and analysis in the financial services industry, particularly in investment management and asset allocation. Morningstar offers a range of core products and services, including investment research, portfolio management tools, and data analytics, which are distinguished by their rigorous methodology and comprehensive coverage. The firm is renowned for its proprietary star rating system, which evaluates mutual funds and ETFs, helping investors make informed decisions. With a strong market position, Morningstar has received numerous accolades for its innovative solutions and commitment to transparency, solidifying its reputation as a key player in the investment research landscape.
DitchCarbon Score
How does Morningstar'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
Morningstar's score of 44 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Morningstar's reported carbon emissions
In 2023, Morningstar reported total carbon emissions of approximately 10,568,000 kg CO2e. This figure includes 290,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 4,846,000 kg CO2e from Scope 2 emissions, with the majority attributed to purchased electricity. Scope 3 emissions totalled about 4,102,000 kg CO2e, largely driven by business travel, which accounted for 3,963,000 kg CO2e. Over the years, Morningstar has demonstrated a commitment to reducing its carbon footprint. In 2022, the company emitted approximately 9,590,000 kg CO2e, a reduction from 7,572,000 kg CO2e in 2021 and 8,162,000 kg CO2e in 2020. This trend indicates a proactive approach to managing emissions, although specific reduction targets or initiatives have not been disclosed. Morningstar's emissions data reflects a comprehensive understanding of its carbon impact across all three scopes, highlighting the importance of addressing both direct and indirect emissions in its climate strategy. The company continues to engage in sustainability practices, although further details on specific reduction initiatives or commitments remain unspecified.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 474,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,514,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 5,406,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Morningstar is not participating in any of the initiatives that 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.
