Platinum Asset Management

In 2023, Platinum Asset Management reported significant carbon emissions, with total Scope 3 emissions reaching approximately 2,605,400 kg CO2e. This marked an increase from previous years, where emissions were approximately 2,440,600 kg CO2e in 2024 and 1,897,100 kg CO2e in 2022. The company has not disclosed any Scope 1 or Scope 2 emissions for 2023, indicating a focus on managing its indirect emissions. Over the years, Platinum's total emissions have fluctuated, with a peak of about 1,983,200 kg CO2e in 2019 and a notable reduction to approximately 293,400 kg CO2e in 2021. The breakdown of emissions shows that Scope 3 emissions consistently represent the majority of their carbon footprint, highlighting the importance of addressing these indirect emissions in their climate strategy. Despite these figures, Platinum Asset Management has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect a broader industry trend where asset management firms are increasingly scrutinised for their environmental impact and climate commitments. Overall, while Platinum Asset Management has made strides in reporting its emissions, the absence of reduction targets suggests an opportunity for the firm to enhance its climate strategy and align with industry best practices.