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Ares Management Corp
Ares Management's GHG Emissions Data Preview
In 2024, Ares Management completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Ares Management has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data. b | 0000000 |
a
bVerified Sources Behind Ares Management’s Greenhouse Gas (GHG) Emissions Data
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Insights into Ares Management's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofAres Management amounted to6,288metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Ares Managementdecreased by 5.19%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
Ares Management's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Ares Management's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Ares Management were 1,166 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Compared to the previous year(2023), Ares Management's Scope 1 emissions increased by 2,380.85%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are Ares Management's Scope 2 emissions?
In 2024, Ares Management reported Scope 2 greenhouse gas (GHG) emissions of 4,595 tCOâ‚‚e using the market-based method and 5,122 tCOâ‚‚e using the location-based method.a
Has Ares Management reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Ares Management's Scope 2 emissions(Location-Based) fell by 22.22% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
What methodology does Ares Management use for Scope 2 reporting?
In 2024, Ares Management reported its Scope 2 emissions using the market-based method and using the location-based method.a
Ares Management's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Ares Management's Value Chain Emissions
In 2024, Ares Management reported 60,014,252 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Ares Management includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Ares Management's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Ares Management's Scope 3 emissions?
In 2024, Ares Management reported total Scope 3 emissions of 60,014,252 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0%of these emissions originated from upstream activities such as purchased goods and capital goods, while 100%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Ares Management reduced its Scope 3 emissions over time?
Since 2019, Ares Management's Scope 3 emissionshave increased by 550,590.51%, reflecting a rising long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2023), Ares Management's Scope 3 emissions increased by 10.67%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
What categories of Scope 3 emissions does Ares Management disclose?
In 2024, Ares Management reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Ares Management's Scope 3 emissions?
In 2024, the largest contributors to Ares Management's Scope 3 emissions were:a
- Investments (Cat. 15): 59,964,749 tCOâ‚‚e(100%)
Ares Management's Scope 3 Emissions by Categories
Insights into Ares Management’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Ares Management reported Scope 1 greenhouse gas (GHG) emissions of 1,166 tCOâ‚‚e and total revenues of USD 3,885 millions. This translates into an emissions intensity of 0.3 tCOâ‚‚e per millions USD.a
Ares Management's Scope 1 Emissions Intensity Compared to Peers
How does Ares Management's GHG emissions intensity compare to its peers?
In 2024, Ares Management reported a Scope 1 emissions intensity of 0.3 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.14, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Ares Management rank on GHG emissions intensity within its industry?
In 2024, Ares Management ranked 17 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Ares Management is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Ares Management's Total Carbon Footprint
In 2024, Ares Management reported a total carbon footprint of 60,020,540 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.67% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Ares Management's total carbon footprint was Scope 3 emissions, accounting for 99.99% of the company's total carbon footprint, followed by Scope 2 emissions at 0.01%.a