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 36 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Morningstar's reported carbon emissions
In 2023, Morningstar reported total carbon emissions of approximately 9,282,000 kg CO2e. This figure includes 321,000 kg CO2e from Scope 1 emissions, 4,846,000 kg CO2e from Scope 2 emissions (market-based), and 4,115,000 kg CO2e from Scope 3 emissions. The previous year, 2022, saw total emissions of about 8,280,000 kg CO2e, with Scope 1 emissions at 400,000 kg CO2e, Scope 2 emissions (market-based) at 4,927,000 kg CO2e, and Scope 3 emissions at 2,953,000 kg CO2e. Over the years, Morningstar has demonstrated a commitment to reducing its carbon footprint. From 2019 to 2023, the company has made significant strides in lowering its total emissions from approximately 13,428,000 kg CO2e in 2019 to the latest figure of 9,282,000 kg CO2e. This represents a reduction of about 30% over the four-year period. Despite these achievements, there are currently no specific reduction targets or climate pledges disclosed by Morningstar. The company continues to report emissions across all three scopes, indicating a comprehensive approach to understanding and managing its climate impact.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 508,000 | 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 |
| Scope 3 | 5,406,000 | 0,000,000 | 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 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.
