Tower

Tower's reported carbon emissions

Tower, an insurance and pension funding services provider based in NZ, has set ambitious climate commitments, including a science-based reduction target of 21% over five years from a 2020 base year. This target encompasses both absolute and intensity reductions across Scope 1 and Scope 2 emissions. In terms of emissions, Tower reported the following for recent years: * **2024:** Total emissions were approximately 1,161,000 kg CO2e, comprising about 160,000 kg CO2e for Scope 1, 142,000 kg CO2e for Scope 2, and 859,000 kg CO2e for Scope 3. * **2023:** Total emissions stood at approximately 514,000 kg CO2e, with Scope 1 at about 165,000 kg CO2e, Scope 2 at approximately 166,000 kg CO2e, and Scope 3 at roughly 183,000 kg CO2e. * **2022:** Total emissions were around 649,000 kg CO2e, made up of approximately 300,000 kg CO2e for Scope 1, about 146,000 kg CO2e for Scope 2, and roughly 202,000 kg CO2e for Scope 3. * **2021:** Total emissions were approximately 399,000 kg CO2e, with Scope 1 at about 115,000 kg CO2e, Scope 2 at approximately 179,000 kg CO2e, and Scope 3 at around 295,000 kg CO2e. * **2020:** Total emissions measured approximately 585,000 kg CO2e, comprising about 169,000 kg CO2e for Scope 1, 207,000 kg CO2e for Scope 2, and 209,000 kg CO2e for Scope 3. While Tower discloses all three scopes, it notes that data for Scope 3/purchased goods and services is missing. The company's climate statements are available via their website.