Ares Management

Ares Management's reported carbon emissions

Ares Management, a financial intermediation services company based in the US, has reported its carbon emissions for several years. In 2023, the company's total emissions were approximately 42.8 billion kg CO2e. This figure comprises Scope 1 emissions totalling about 47,000 kg CO2e, Scope 2 emissions of approximately 5.4 million kg CO2e (market-based), and Scope 3 emissions amounting to about 36 billion kg CO2e. In 2022, Ares Management’s total emissions were approximately 19.3 billion kg CO2e, with Scope 1 emissions around 35,000 kg CO2e, Scope 2 at about 3.1 million kg CO2e (market-based), and Scope 3 emissions at approximately 15.3 billion kg CO2e. The company has set ambitious climate targets, aiming for net zero GHG emissions by FY2050 for Scope 1 and Scope 2. These targets are part of a long-term commitment to reduce the company's environmental impact. Emissions data for previous years (2021, 2020, and 2019) are also available, showing a range of total emissions from approximately 4.0 billion kg CO2e in 2020 to 12.8 billion kg CO2e in 2019. Notably, Scope 1 emissions were reported as 0.0 kg CO2e in 2020 and 2019. Scope 3 emissions have also been disclosed across these years, with missing data points for purchased goods and services. Ares Management's climate commitments are not cascaded from a parent organisation, and their SBTi reduction targets are also considered at the corporate level. The company reports its emissions in line with TCFD recommendations. The data is sourced directly from Ares Management Corporation.