GlobalData offers a comprehensive analysis of AMP, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on AMP‘s ESG performance. GlobalData’s company profile on AMP offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

AMP, a diversified financial services company, has set a net-zero target for its operations and is committed to achieving it by 2050. AMP's latest filings mentioned the keywords 'Emissions' and 'Climate Change' most number of times in relation to 'Net Zero'.

In 2022, AMP saw a 75% reduction in operational scope 1 and 2 emissions from its 2019 base year and maintained its carbon-neutral position. The company has taken steps to achieve its net-zero targets, including reducing emissions and offsetting residual emissions through high-quality Australian and international carbon offsets. AMP has also invested in renewable energy and sustainable enterprises and has excluded some emissions-intensive industries from its investment options.

AMP's carbon emissions in 2022 were 5,083 tCO2-e for scope 1 and 2 and 1,971 tCO2-e for scope 3. The company has been assessing the climate risks of its investments for over a decade and has created a methodology for calculating the greenhouse gas exposure of its equity investments. AMP Investments published its latest carbon footprints of flagship managed funds relative to their benchmarks to enhance customers' understanding of climate-related investment risks. The company is working with industry to address challenges related to data availability and quality in estimating scope 3 financed emissions, particularly in Australia.

In 2022, AMP successfully maintained its carbon neutral status while surpassing its scope 1 and 2 reduction target of 42% by 2030, measured from the 2019 base year. These targets were established utilizing the Science Based Targets initiative (SBTi) methodology. The company plans to review its Climate Action Plan, including its scope 1 and 2 emissions targets, and build on its progress in measuring, managing, and addressing climate change. AMP is committed to investing in the community through the AMP Foundation, with a focus on female-led businesses, First Nations Peoples, and retirees. The company is also part of the Climate Action 100+ initiative, which aims to ensure the world's largest corporate emitters of greenhouse gases take necessary action on climate change.

In conclusion, AMP has set a net-zero target for its operations and is committed to achieving it by 2050. The company has taken steps to achieve its net-zero targets, including reducing emissions, investing in renewable energy and sustainable enterprises, and offsetting residual emissions through high-quality Australian and international carbon offsets. AMP is also working with industry to address challenges related to data availability and quality in estimating scope 3 financed emissions. The company is committed to investing in the community and is part of the Climate Action 100+ initiative.

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