Ares Management

Ares Management, headquartered in the US and operating in financial intermediation services (excluding insurance and pension funding), reported significant carbon emissions across Scopes 1, 2, and 3.

In 2023, Ares Management's total carbon emissions were approximately 42.8 billion kg CO2e. This comprised about 47,000 kg CO2e for Scope 1, approximately 5.4 million kg CO2e for Scope 2 (market-based), and around 36 billion kg CO2e for Scope 3. For 2022, total emissions were approximately 19.3 billion kg CO2e, with Scope 1 at about 35,000 kg CO2e, Scope 2 (market-based) at approximately 3.1 billion kg CO2e, and Scope 3 at nearly 15.3 billion kg CO2e. The previous year, 2021, saw total emissions of about 6.2 billion kg CO2e, including Scope 1 at approximately 46,900 kg CO2e, Scope 2 at about 2.3 billion kg CO2e, and Scope 3 at nearly 3.8 billion kg CO2e. In 2020, total emissions were approximately 4 billion kg CO2e, with Scope 1 emissions at 0 kg CO2e, Scope 2 at about 1.8 billion kg CO2e, and Scope 3 at approximately 2.2 billion kg CO2e. In 2019, total emissions reached around 12.8 billion kg CO2e, with Scope 1 at 0 kg CO2e, Scope 2 at approximately 1.9 billion kg CO2e, and Scope 3 at over 10.8 billion kg CO2e.

Ares Management has established climate commitments, including a long-term target for net-zero greenhouse gas emissions across Scope 1 and 2 by FY2050, as stated in their TCFD Climate Action Report. While the provided data includes specific emissions figures, there is no information available regarding the cascaded emissions data from a parent or related organization, or specific reduction targets for Scope 3 emissions. The company also reports emissions intensity per employee, with figures of 15,000 kg CO2e/FTE in 2023 and 7,520 kg CO2e/FTE in 2022.