Pinnacle Investment Management

In 2023, Pinnacle Investment Management reported total carbon emissions of approximately 849,400 kg CO2e in Australia, with Scope 2 emissions accounting for about 29,600 kg CO2e and Scope 3 emissions contributing significantly at approximately 1,781,800 kg CO2e. This marks an increase in total emissions compared to previous years, reflecting the complexities of managing carbon footprints in a growing business environment. In 2022, the company recorded total emissions of about 567,000 kg CO2e in Australia, with Scope 2 emissions at approximately 50,500 kg CO2e and Scope 3 emissions reaching around 1,188,900 kg CO2e. The trend indicates a need for enhanced strategies to address emissions, particularly in Scope 3, which encompasses indirect emissions from the supply chain and other activities. Globally, in 2023, Pinnacle's total emissions were reported at approximately 893,600 kg CO2e, all of which fell under Scope 3 emissions. This highlights the company's reliance on indirect emissions sources, which are often the most challenging to manage. Despite these figures, Pinnacle Investment Management has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This context suggests that while the company is aware of its carbon footprint, it may need to establish clearer commitments to align with industry standards for climate action and sustainability.