Morningstar Sustainability Profile
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 46 is higher than 65% 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 2024, Morningstar reported total carbon emissions of approximately 12.8 million kg CO2e, comprising 239,000 kg CO2e from Scope 1, 6,867,000 kg CO2e from Scope 2, and 5,663,000 kg CO2e from Scope 3 emissions. This represents a decrease from 2023, where total emissions were about 11.2 million kg CO2e, with Scope 1 emissions at 290,000 kg CO2e, Scope 2 at 6,771,000 kg CO2e, and Scope 3 at 4,102,000 kg CO2e. Morningstar has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 50% from a 2020 baseline by the year 2030. This commitment reflects a proactive approach to mitigating climate impact and aligns with industry standards for sustainability. The company is currently on track to meet these targets, demonstrating a strong commitment to reducing its carbon footprint. Overall, Morningstar's emissions data and reduction initiatives highlight its dedication to addressing climate change and improving environmental performance within the financial services sector.
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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 | 7,838,000 | 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 |
How Carbon Intensive is Morningstar's Industry?
How Carbon Intensive is Morningstar's Location?
Morningstar's Scope 3 Categories Breakdown
Morningstar's Scope 3 emissions, which increased by 38% last year and increased by approximately 5% since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 44% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 92% of Scope 3 emissions.
Top Scope 3 Categories
Morningstar's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Morningstar has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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