Wellington Management

Wellington Management's reported carbon emissions

Wellington Management, a financial intermediation services company headquartered in the US, reported total carbon emissions of approximately 8.27 million kg CO2e for the year 2022. This figure encompasses Scope 1, Scope 2 (market-based), and Scope 3 emissions. In 2022, Wellington Management's Scope 1 emissions were approximately 887,000 kg CO2e, while Scope 2 market-based emissions were approximately 1.13 million kg CO2e. Scope 3 emissions accounted for approximately 6.26 million kg CO2e. The company's emissions data for 2022 shows a decrease in market-based Scope 2 emissions by 37% since 2014. For assets committed to net zero, Wellington Management has set an interim target of 50% emissions reduction by 2030. They also commit to working with clients on their decarbonisation goals and aim to establish an interim target for the proportion of assets managed in line with net-zero emissions by 2050. For the year 2021, total emissions were approximately 3.97 million kg CO2e, with Scope 1 at approximately 1.13 million kg CO2e, Scope 2 market-based at approximately 1.78 million kg CO2e, and Scope 3 at approximately 1.06 million kg CO2e. Wellington Management's emissions data is cascaded from its parent organisation, Wellington Management Inc.