Schroders

Schroders's reported carbon emissions

Schroders's comprehensive climate commitments include a target for net-zero emissions by 2050 or sooner. The company is also working towards reducing absolute Scope 1 and 2 (location-based) greenhouse gas emissions by 46% by 2030, using 2019 as a baseline. Schroders has joined the Net Zero Asset Managers initiative, aligning with the goal of achieving net-zero greenhouse gas emissions by 2050. For the reporting year 2024, Schroders reported total global emissions of approximately 162,811,000 kg CO2e. This breaks down into approximately 483,000 kg CO2e for Scope 1, approximately 380,000 kg CO2e for Scope 2 (market-based), and approximately 161,948,000 kg CO2e for Scope 3. In 2023, Schroders's total global emissions were approximately 137,757,000 kg CO2e, comprising about 661,000 kg CO2e for Scope 1, approximately 504,000 kg CO2e for Scope 2 (market-based), and approximately 136,582,000 kg CO2e for Scope 3. For 2022, total global emissions were approximately 118,908,000 kg CO2e, with Scope 1 at approximately 789,000 kg CO2e, Scope 2 (market-based) at approximately 717,000 kg CO2e, and Scope 3 at approximately 117,417,000 kg CO2e. Notably, Scope 3 emissions in 2022 included significant contributions from investments (approximately 186,600,000,000 kg CO2e, although this figure is disproportionately large and may represent a specific calculation methodology or data anomaly), purchased goods and services (approximately 97,982,000 kg CO2e), and business travel (approximately 8,675,000 kg CO2e). Schroders's Scope 1 and 2 emissions intensity is reported as approximately 0.000421 kg CO2e per USD of revenue in 2022, and approximately 0.000311 kg CO2e per USD of revenue in 2023. The company also reports Scope 1 and 2 emissions per employee, with a figure of approximately 730 kg CO2e per employee in 2022. Schroders is committed to reducing its emissions in line with scientific recommendations, with its portfolio targets covering 62% of its total investment and lending activities as of 2019. These targets are consistent with reductions required to keep global warming to 1.5°C.