Morningstar

Morningstar, a US-based company in the Financial intermediation services industry, reported its 2025 emissions as approximately 14.587 million kg CO2e. This includes about 157,000 kg CO2e from Scope 1 emissions, approximately 6.480 million kg CO2e from Scope 2 emissions (location-based, predominantly from purchased electricity), and about 7.953 million kg CO2e from Scope 3 emissions. Key contributors to Scope 3 were business travel, estimated at 4.219 million kg CO2e, and upstream leased assets, at 163,000 kg CO2e.

Looking back, in 2024, Morningstar's Scope 1 emissions were approximately 239,000 kg CO2e, Scope 2 emissions were about 6.867 million kg CO2e, and Scope 3 emissions totalled approximately 8.636 million kg CO2e, with business travel accounting for 4.899 million kg CO2e. In 2023, Scope 1 emissions were around 290,000 kg CO2e, Scope 2 emissions were about 6.771 million kg CO2e, and Scope 3 emissions were approximately 4.102 million kg CO2e.

Morningstar has set absolute near-term reduction targets. They aim to reduce their Scope 1 emissions by 50% from a 2020 baseline by 2030. Similarly, they commit to reducing their Scope 2 emissions by 50% from a 2020 baseline by 2030. These commitments are detailed in their Corporate Sustainability Report and other publicly available documents.