Pimco
PIMCO, or Pacific Investment Management Company, LLC, is a leading global investment management firm headquartered in the United States. Founded in 1971, PIMCO has established itself as a key player in the fixed income sector, with a strong presence in major financial markets worldwide, including Europe and Asia. Specialising in bond and alternative investment strategies, PIMCO offers a diverse range of products and services, including mutual funds, exchange-traded funds (ETFs), and customised investment solutions. The firm is renowned for its rigorous research-driven approach and innovative risk management techniques, setting it apart in the competitive landscape. With a commitment to delivering superior returns, PIMCO has garnered numerous accolades and maintains a prominent market position, managing assets for a diverse clientele that includes institutional investors and individual clients alike.
DitchCarbon Score
How does Pimco'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 Services Auxiliary to 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
Pimco's score of 51 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Pimco's reported carbon emissions
In 2023, Pimco reported total carbon emissions of approximately 365,172,880 kg CO2e, with emissions distributed across various scopes: 19,266,850 kg CO2e from Scope 1, 999,220 kg CO2e from Scope 2, and a significant 370,287,100 kg CO2e from Scope 3. This represents a notable reduction from 2022, where total emissions were about 543,464,520 kg CO2e, indicating a shift towards more sustainable practices. Pimco's emissions data for 2021 is not specified, but their 2022 figures show a breakdown of emissions with 22,313,280 kg CO2e from Scope 1, 2,364,670 kg CO2e from Scope 2, and 518,658,730 kg CO2e from Scope 3. The company has disclosed emissions across all three scopes, demonstrating transparency in their reporting. Despite the reductions observed, Pimco has not set specific reduction targets or climate pledges, which may limit their long-term sustainability commitments. The absence of documented reduction initiatives suggests a need for further strategic planning in addressing climate change impacts. Overall, while Pimco has made strides in reducing emissions, the lack of formal targets may hinder their ability to align with industry standards for climate action.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 22,313,280 | 00,000,000 |
| Scope 2 | 2,364,670 | 000,000 |
| Scope 3 | 518,658,730 | 000,000,000 |
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.
Pimco 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.
