Union Asset Management Holding AG Sustainability Profile
Union Asset Management Holding AG, commonly referred to as Union Investment, is a prominent player in the asset management industry, headquartered in Germany. Established in 1956, the company has evolved into a leading investment firm, primarily serving institutional and private clients across Europe and beyond. Specialising in a diverse range of investment solutions, Union Investment offers unique products in equity, fixed income, and real estate, distinguished by their commitment to sustainability and innovation. The firm is recognised for its robust market position, managing substantial assets and achieving notable milestones in responsible investing. With a focus on delivering tailored investment strategies, Union Investment continues to enhance its reputation as a trusted partner in asset management, leveraging deep market insights and a client-centric approach to meet the evolving needs of investors.
DitchCarbon Score
How does Union Asset Management Holding AG'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 Real Estate Services 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
Union Asset Management Holding AG's score of 43 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Union Asset Management Holding AG's reported carbon emissions
In 2023, Union Asset Management Holding AG reported total carbon emissions of approximately 399.5 million kg CO2e. This figure includes Scope 1 emissions of about 2.6 million kg CO2e, Scope 2 emissions of approximately 2.1 million kg CO2e (comprising 965,000 kg CO2e from purchased heat and 1,114,000 kg CO2e from purchased electricity), and Scope 3 emissions of around 2.3 million kg CO2e, primarily from business travel. The company has set ambitious climate commitments, aiming for greenhouse gas neutrality in its operations by 2045. Additionally, it targets a significant reduction of 65% in emissions by 2030 compared to the 2009 baseline. This commitment applies to both Scope 1 and Scope 2 emissions. Furthermore, Union Asset Management plans to reduce the financed greenhouse gas emissions of its securities portfolio by at least 50% by 2030, relative to 2019 levels. Union Asset Management's climate strategy is aligned with industry standards, reflecting a proactive approach to managing and reducing carbon emissions across its operations and investment portfolio. The emissions data is cascaded from the parent organization, Union Asset Management Holding AG, ensuring a comprehensive understanding of its environmental impact.
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| 2009 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,036,000 | - | - | - | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 6,223,000 | - | - | - | 000,000,000 | 000,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,625,000 | - | - | - | 000,000,000 | 000,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Union Asset Management Holding AG's Industry?
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Union Asset Management Holding AG's Scope 3 Categories Breakdown
Union Asset Management Holding AG's Scope 3 emissions, which increased by 35% last year and decreased by approximately 36% since 2009, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 33% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Union Asset Management Holding AG's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Union Asset Management Holding AG has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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