Netwealth Group Limited Sustainability Profile
Netwealth Group Limited, commonly referred to as Netwealth, is a prominent Australian financial services firm headquartered in Melbourne, Australia. Established in 1999, the company has made significant strides in the wealth management industry, focusing on providing innovative investment solutions and superannuation services. Netwealth operates primarily in the financial technology sector, offering a range of core products including investment platforms, superannuation funds, and managed accounts. What sets Netwealth apart is its commitment to leveraging technology to enhance user experience and streamline investment processes. With a strong market position, Netwealth has garnered recognition for its customer-centric approach and has achieved notable milestones, including multiple awards for its platform capabilities. As a leader in the Australian wealth management landscape, Netwealth continues to empower financial advisers and investors alike.
DitchCarbon Score
How does Netwealth 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
Netwealth Group Limited's score of 18 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Netwealth Group Limited's reported carbon emissions
In 2022, Netwealth Group Limited reported total carbon emissions of approximately 686,600 kg CO2e, comprising 404,000 kg CO2e from Scope 1 and 282,600 kg CO2e from Scope 2 emissions. This data reflects a significant reduction from 2021, where Scope 1 emissions alone were reported at 533,000,000 kg CO2e. Despite these figures, Netwealth has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). The absence of formal climate pledges or reduction targets indicates a need for further commitment to climate action. Netwealth's emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely reflective of their operations. As a company headquartered in Australia, Netwealth is positioned to enhance its sustainability efforts and align with industry standards for climate commitments.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 533,000,000 | 000,000 |
| Scope 2 | - | 000,000 |
| Scope 3 | - | - |
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Netwealth Group Limited'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.
Netwealth Group Limited 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.
