Man Group
Carbon footprint
Primary Climate Goal
Man Group aims to achieve carbon neutrality for Scope 1 + 2 by 2030
GHG emissions and Carbon intensity
Man Group reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 0.64 Kt (+0.05/+8.1% y-o-y). At the sime time, carbon intensity declined to 0.4 t (-0.2 /-33.3% y-o-y).
Man Group reported Scope 3 emissions for the the twelve months ending31 December 2021 at 53
The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2030, which translates into the estimated reduction of -0.07 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Man Group aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.