Platinum Asset Management
Platinum Asset Management, often referred to simply as Platinum, is a prominent investment management firm headquartered in Australia. Established in 1994, the company has built a strong reputation in the financial services industry, focusing on global equities and alternative investment strategies. With a commitment to delivering superior long-term returns, Platinum operates primarily in the Asia-Pacific region, catering to a diverse clientele that includes retail and institutional investors. The firm is renowned for its unique investment approach, which emphasises rigorous research and a deep understanding of global markets. Platinum's core offerings include managed funds and investment trusts, distinguished by their active management style and a focus on undervalued companies. Over the years, Platinum Asset Management has achieved significant milestones, solidifying its position as a leader in the investment landscape, known for its disciplined investment philosophy and commitment to client success.
DitchCarbon Score
How does Platinum Asset Management'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 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
Platinum Asset Management's score of 39 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Platinum Asset Management's reported carbon emissions
In 2023, Platinum Asset Management reported significant carbon emissions, with total Scope 3 emissions reaching approximately 2,605,400 kg CO2e. This marked a notable increase compared to previous years, where total emissions were about 333,300 kg CO2e in 2022, 293,400 kg CO2e in 2021, and 1,272,610 kg CO2e in 2020. The company has not disclosed any Scope 1 or Scope 2 emissions for 2023, indicating a focus on managing its indirect emissions. Platinum's emissions profile over the years shows a trend of fluctuating total emissions, with a peak of about 1,983,200 kg CO2e in 2019. The company has set long-term commitments to achieve carbon neutrality by 2050, with plans to offset greenhouse gas emissions across both Scope 1 and Scope 2 categories starting from 2023. This commitment reflects Platinum's dedication to sustainability and aligns with industry standards for climate action. Overall, while Platinum Asset Management has made strides in its climate commitments, the recent increase in emissions highlights the ongoing challenges in managing carbon footprints effectively. The company continues to focus on offsetting emissions to meet its long-term sustainability goals.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - | - | - |
| Scope 2 | 398,500 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 00,000 | - | - |
| Scope 3 | 581,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Platinum Asset Management is not participating in any of the initiatives that 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.
