Alphinity

Alphinity, an Australian company in the Services auxiliary to financial intermediation industry, reported total emissions of approximately 1.95 billion kg CO2e in 2024. This figure includes about 16,000 kg CO2e from Scope 2 emissions and approximately 361,000 kg CO2e from Scope 3 business travel. For 2023, their total emissions were about 1.25 billion kg CO2e, and in 2022, they were around 787.9 million kg CO2e. In 2021, total emissions stood at approximately 993 million kg CO2e.

Alphinity is committed to addressing climate change, with net-zero targets for Scope 1 and Scope 2 emissions by 2045. These commitments, along with other reduction initiatives, are detailed in their 2022/2023 and 2021 ESG and Sustainability Reports. Additionally, the company highlights the climate commitments of some of its investee companies:

• BlueScope has a Scope 1 and 2 net-zero target by 2050.
• Vestas aims for net-zero emissions by 2030 across Scope 1 and 2, without relying on offsets.
• BHP targets a 30% reduction in operational Scope 1 and 2 emissions by FY30 (from a FY20 baseline).
• Rio Tinto plans a 50% reduction in Scope 1 and 2 emissions by 2030 (from a 2018 baseline).
• ConocoPhillips targets net-zero operational Scope 1 emissions by 2050.
• South32 has a science-based medium-term target to reduce Scope 3 emissions by 50% by 2025 (from a 2021 baseline).