Azimut Holding SpA

Common Name
Azimut Holding
Country
Italy
Sector
Financial Services
Industry
Asset Management
Employees
2,000
Ticker
AZM
Exchange
EURONEXT MILAN
Description
Azimut Holding S.p.A. is a leading independent asset management company headquartered in Italy. Its primary function is to offer a diverse range of financial products and services, including asset man...

Azimut Holding's GHG Emissions Data Preview

In 2024, Azimut Holding 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).

Azimut Holding has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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b
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0000000
Total Scope 2
Market-Based
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a
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b
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b
0000000
Location-Based
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a
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b
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b
0000000
Total Scope 3
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a
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a
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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b
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0000000
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Verified Sources Behind Azimut Holding’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Azimut Holding’s data sources below and access millions more through our Disclosure Search.

a. Azimut Holding's Financial Report 2024
a. Azimut Holding's Financial Report 2024
b. Azimut Holding's Non-financial report 2023
b. Azimut Holding's Non-financial report 2023

Insights into Azimut Holding's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Azimut Holding amounted to 596 metric 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 Azimut Holding decreased by 65.97%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Azimut Holding's Scope 1 Emissions Over Time

202320240150300450600tCO2e-34%
  • Total Scope 1
  • Year-over-Year Change

What are Azimut Holding's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Azimut Holding were 268 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2023), Azimut Holding's Scope 1 emissions decreased by 34.5%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b

What are Azimut Holding's Scope 2 emissions?

In 2024, Azimut Holding reported Scope 2 greenhouse gas (GHG) emissions of 377 tCO₂e using the market-based method and 328 tCO₂e using the location-based method. a

Has Azimut Holding reduced its Scope 2 emissions over time?

Since 2021, Azimut Holding's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 69.17%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), Azimut Holding's Scope 2 emissions (Location-Based) fell by 75.56% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a b

What methodology does Azimut Holding use for Scope 2 reporting?

In 2024, Azimut Holding reported its Scope 2 emissions using the market-based method and using the location-based method. a

Azimut Holding's Scope 2 Emissions Over Time

202120222023202404008001.2 k1.6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Azimut Holding's Value Chain Emissions

In 2024, Azimut Holding reported 14,569,160 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Azimut Holding includes a breakdown across 1 of 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

Azimut Holding's Scope 3 Emissions Over Time

20222023202404 M8 M12 M16 MtCO2e+1%+17%
  • Total Scope 3
  • Year-over-Year Change

What are Azimut Holding's Scope 3 emissions?

In 2024, Azimut Holding reported total Scope 3 emissions of 14,569,160 metric tons of CO₂ equivalent (tCO₂e). 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

Compared to the previous year (2023), Azimut Holding's Scope 3 emissions increased by 16.6%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Azimut Holding disclose?

In 2024, Azimut Holding 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 Azimut Holding's Scope 3 emissions?

In 2024, the largest contributors to Azimut Holding's Scope 3 emissions were: a

  • Investments (Cat. 15): 14,569,160 tCO₂e (100%)

Azimut Holding's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

Insights into Azimut Holding’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Azimut Holding reported Scope 1 greenhouse gas (GHG) emissions of 268 tCO₂e and total revenues of USD 1,386 millions. This translates into an emissions intensity of 0.19 tCO₂e per millions USD. a

Azimut Holding's Scope 1 Emissions Intensity Compared to Peers

0.21020010,000200,000Scope 1 Emissions (tCO2e)502001,0005,00020,000Revenues (Millions of USD)ABSWendelYear: 2024Scope 1: 85,343 tCO2eRevenue: $M 8,391Scope 1 Intensity: 10.17 tCO2e/$MHgCapital TrustYear: 2023Scope 1: 20 tCO2eRevenue: $M 314Scope 1 Intensity: 0.06 tCO2e/$MVZ HoldingYear: 2024Scope 1: 316 tCO2eRevenue: $M 627Scope 1 Intensity: 0.50 tCO2e/$MAJ BellYear: 2024Scope 1: 182 tCO2eRevenue: $M 361Scope 1 Intensity: 0.50 tCO2e/$MAAArtisan PartnersYear: 2024Scope 1: 106 tCO2eRevenue: $M 1,112Scope 1 Intensity: 0.10 tCO2e/$MMan GroupYear: 2024Scope 1: 533 tCO2eRevenue: $M 1,059Scope 1 Intensity: 0.50 tCO2e/$MVontobel HoldingYear: 2024Scope 1: 308 tCO2eRevenue: $M 1,567Scope 1 Intensity: 0.20 tCO2e/$MTikehau CapitalYear: 2024Scope 1: 183 tCO2eRevenue: $M 582Scope 1 Intensity: 0.31 tCO2e/$MAllfunds GroupYear: 2024Scope 1: 11 tCO2eRevenue: $M 578Scope 1 Intensity: 0.02 tCO2e/$MAnima HoldingYear: 2023Scope 1: 138 tCO2eRevenue: $M 1,108Scope 1 Intensity: 0.12 tCO2e/$MNinety OneYear: 2025Scope 1: 47 tCO2eRevenue: $M 906Scope 1 Intensity: 0.05 tCO2e/$MOnexYear: 2023Scope 1: 352 tCO2eRevenue: $M 1,122Scope 1 Intensity: 0.31 tCO2e/$MBBBridgepoint GroupYear: 2023Scope 1: 30 tCO2eRevenue: $M 376Scope 1 Intensity: 0.08 tCO2e/$MCaitong SecuritiesYear: 2023Scope 1: 121 tCO2eRevenue: $M 840Scope 1 Intensity: 0.14 tCO2e/$MSSSinolink SecuritiesYear: 2023Scope 1: 216 tCO2eRevenue: $M 940Scope 1 Intensity: 0.23 tCO2e/$MAditya Birla Sun Life AMCYear: 2025Scope 1: 0 tCO2eRevenue: $M 190Scope 1 Intensity: 0.00 tCO2e/$MCVC Capital PartnersYear: 2023Scope 1: 62 tCO2eRevenue: $M 1,093Scope 1 Intensity: 0.06 tCO2e/$MLeonteqYear: 2024Scope 1: 2 tCO2eRevenue: $M 236Scope 1 Intensity: 0.01 tCO2e/$MRIT Capital PartnersYear: 2024Scope 1: 29 tCO2eRevenue: $M 431Scope 1 Intensity: 0.07 tCO2e/$MICGYear: 2025Scope 1: 8 tCO2eRevenue: $M 1,231Scope 1 Intensity: 0.01 tCO2e/$MAzimut HoldingYear: 2024Scope 1: 268 tCO2eRevenue: $M 1,386Scope 1 Intensity: 0.19 tCO2e/$M

How does Azimut Holding's GHG emissions intensity compare to its peers?

In 2024, Azimut Holding reported a Scope 1 emissions intensity of 0.19 tCO₂e per millions USD. Compared to the peer group median of 0.11 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Azimut Holding rank on GHG emissions intensity within its industry?

In 2024, Azimut Holding ranked 13 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Azimut Holding is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Azimut Holding's Total Carbon Footprint

In 2024, Azimut Holding reported a total carbon footprint of 14,569,756 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.59% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Azimut Holding's total carbon footprint was Scope 3 emissions, accounting for 100% of the company's total carbon footprint, followed by Scope 2 emissions at 0%. a

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