Morningstar
Morningstar, Inc., a leading provider of independent investment research, is headquartered in the United States, with significant operations across North America, Europe, and Asia. Founded in 1984, the company has established itself as a trusted source of data and analysis in the financial services industry, particularly in investment management and asset allocation. Morningstar offers a range of core products and services, including investment research, portfolio management tools, and data analytics, which are distinguished by their rigorous methodology and comprehensive coverage. The firm is renowned for its proprietary star rating system, which evaluates mutual funds and ETFs, helping investors make informed decisions. With a strong market position, Morningstar has received numerous accolades for its innovative solutions and commitment to transparency, solidifying its reputation as a key player in the investment research landscape.
DitchCarbon Score
How does Morningstar'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 Financial Intermediation 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
Morningstar's score of 32 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Morningstar's reported carbon emissions
In 2023, Morningstar reported total carbon emissions of approximately 9,282,000 kg CO2e. This figure includes 321,000 kg CO2e from Scope 1 emissions, 4,846,000 kg CO2e from market-based Scope 2 emissions, and 4,115,000 kg CO2e from Scope 3 emissions. Comparatively, in 2022, the company emitted about 8,280,000 kg CO2e, indicating an increase in emissions year-on-year. The trend shows a reduction from 2021's emissions of approximately 6,029,000 kg CO2e, which was a significant decrease from 2020's total of about 7,833,000 kg CO2e. Despite these fluctuations, Morningstar has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to disclose its emissions across all three scopes, reflecting its commitment to transparency in its climate impact. Overall, while Morningstar's emissions have varied over the years, the lack of formal reduction commitments suggests an opportunity for the company to enhance its climate strategy and align with industry standards for sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 508,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,514,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 5,406,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Morningstar is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
