Nikko Asset Management

Nikko Asset Management's reported carbon emissions

Nikko Asset Management, headquartered in Japan and operating within financial intermediation services, has outlined its climate commitments alongside reported carbon emissions. For the 2024 reporting year, Nikko Asset Management reported total calculated emissions of approximately 2.8 million kg CO2e. This figure encompasses Scope 1 emissions amounting to about 6,600 kg CO2e, Scope 2 emissions of approximately 141,000 kg CO2e, and Scope 3 emissions totalling about 2.65 million kg CO2e. Notable Scope 3 categories include investments (approximately 160 million kg CO2e), business travel (about 1.95 million kg CO2e), and employee commute (approximately 525,400 kg CO2e). In 2023, the firm's total calculated emissions were approximately 2.17 million kg CO2e. This comprised about 8,500 kg CO2e for Scope 1, approximately 144,200 kg CO2e for Scope 2, and around 2.01 million kg CO2e for Scope 3. Key Scope 3 contributions in this year were investments (approximately 160 million kg CO2e), business travel (about 1.48 million kg CO2e), and employee commute (around 522,700 kg CO2e). Nikko Asset Management has set a firm-wide target to reduce its greenhouse gas emissions by 40% per employee by 2030, using 2019 emission levels as a baseline. This reduction target applies to both Scope 1 and Scope 2 emissions. Additionally, there is a commitment to reduce CO2 emissions from its products by 50% by 2030, 80% by 2040, and achieve zero emissions by 2050. The emissions data for Nikko Asset Management is cascaded from its ultimate parent, Nikko Asset Management Co., Ltd., at cascade level 1 as a current subsidiary.