Climate Change Data

Pinnacle Investment Management Group Limited

Climate Impact & Sustainability Data (2023-07 to 2024-06)

Reporting Period: 2023-07 to 2024-06

Environmental Metrics

Total Carbon Emissions:893.6 tCO2e/year (market-based)
Scope 2 Emissions:29.6 tCO2e/year (location-based)
Scope 3 Emissions:849.4 tCO2e/year (market-based)
Renewable Energy Share:100% (via GreenPower and LGCs)
Total Energy Consumption:135.5 MWh/year
Water Consumption:0.6 ML/year
Waste Generated:5.7 tons/year (estimated)
Carbon Intensity:8.1 tonnes CO2e/FTE (market-based)

ESG Focus Areas

  • Corporate Governance
  • Climate Change
  • People
  • Human Rights
  • Community Support

Environmental Achievements

  • Reduced the intensity of greenhouse gas (GHG) emissions by 25% in FY23 compared to our baseline.
  • Achieved Climate Active Carbon Neutral Certification

Social Achievements

  • Introduced 40:40:20 gender targets for the Board, senior executives and all employees.
  • Awarded 12 scholarships to students across five universities.
  • Donated over $1.3 million to support communities through long-term partnerships with 17 not-for-profit (NFP) organisations

Governance Achievements

  • Submitted our second voluntary Modern Slavery Statement
  • Submitted our inaugural Reconciliation Action Plan

Climate Goals & Targets

Medium-term Goals:
  • Reduce our tonnes of CO2e emitted per FTE employee by 60% by FY30, from a FY20 base year.

Environmental Challenges

  • Supply chain disruptions
  • Inconsistent measurement and disclosure of emissions across our supply chain
  • Increasing business travel emissions
  • Data security risks
Mitigation Strategies
  • Developing a roadmap in accordance with the proposed Australian climate reporting legislation
  • Collaborating with key suppliers to encourage carbon emission reductions and verify their disclosures
  • Reviewing travel policy to enhance commitment to emissions reduction
  • Implementing a Cyber Incident Response Plan (CIRP) and Data Breach Response Plan
  • Mandatory cyber security training for all employees

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Resource efficiency
  • Energy source diversification
  • New climate-related products and services
  • Market opportunities

Reporting Standards

Frameworks Used: SASB Standards, TCFD Recommendations, UNGC principles, United Nations Sustainable Development Goals (SDGs)

Certifications: Climate Active Carbon Neutral Organisation

UN Sustainable Development Goals

  • Goal 3
  • Goal 4
  • Goal 5
  • Goal 11
  • Goal 13

The report details how various initiatives contribute to these goals.