Pinnacle Investment Management

Pinnacle Investment Management's reported carbon emissions

Pinnacle Investment Management, an Australian services auxiliary to financial intermediation firm, reported a total of approximately 3.70 million kg CO2e in emissions for 2024. This figure comprises approximately 66.8 tonnes of Scope 2 emissions and about 2.51 million kg CO2e of Scope 3 emissions. For the year 2023, Pinnacle Investment Management recorded total emissions of approximately 893,600 kg CO2e, which included about 29.6 tonnes of Scope 2 emissions and approximately 1.78 million kg CO2e of Scope 3 emissions. The company's climate commitments include a long-term "Net Zero by 2050" scenario, aiming to limit global warming to 1.5°C. Additionally, Pinnacle Investment Management has set a near-term target to reduce its tonnes of CO2e emitted per FTE employee by 60% by FY30, using FY20 as the base year. In FY23, the company achieved a 25% reduction in the intensity of its global emissions compared to the FY20 baseline. Pinnacle Investment Management's reporting covers Scope 2 and Scope 3 emissions, with Scope 3 categories including capital goods, business travel, employee commute, purchased goods and services, waste generated in operations, and fuel and energy-related activities. The company's emissions data is not cascaded from a parent organisation.