Challenger Ltd

Common Name
Challenger
Country
Australia
Sector
Financial Services
Industry
Insurance - Life
Employees
506
Ticker
CGF
Exchange
ASX
Description
Challenger Ltd is a financial services company specializing in retirement income products and investment management. The company's primary mission is to provide its customers with financial security d...

Challenger's GHG Emissions Data Preview

In 2024, Challenger 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).

Challenger has also provided a category-level breakdown for 8 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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Total Scope 2
Unspecified Calculation Method
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
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Verified Sources Behind Challenger’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 Challenger’s data sources below and access millions more through our Disclosure Search.

a. Challenger's Sustainability Report 2024
a. Challenger's Sustainability Report 2024
b. Challenger's Annual Report 2023
b. Challenger's Annual Report 2023

Insights into Challenger's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Challenger amounted to 627.8 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 Challenger decreased by 11.05%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Challenger's Scope 1 Emissions Over Time

202220232024015304560tCO2e-14%-92%
  • Total Scope 1
  • Year-over-Year Change

What are Challenger's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Challenger were 2.9 metric tons of CO₂ equivalent (tCO₂e). a

Has Challenger reduced its Scope 1 emissions over time?

Since 2022, Challenger's Scope 1 emissions have decreased by 92.87%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Challenger's Scope 1 emissions decreased by 91.68%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b

What are Challenger's Scope 2 emissions?

In 2024, Challenger reported Scope 2 greenhouse gas (GHG) emissions of 624.9 tCO₂e using the location-based method. a

Has Challenger reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Challenger's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Challenger 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Challenger use for Scope 2 reporting?

In 2024, Challenger reported its Scope 2 emissions using the location-based method. a

Challenger's Scope 2 Emissions Over Time

2022202320240200400600800tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Challenger's Value Chain Emissions

In 2024, Challenger reported 4,559 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 Challenger includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 7 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Challenger's Scope 3 Emissions Over Time

20222023202401.5 k3 k4.5 k6 ktCO2e+5%+6%
  • Total Scope 3
  • Year-over-Year Change

What are Challenger's Scope 3 emissions?

In 2024, Challenger reported total Scope 3 emissions of 4,559 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Challenger reduced its Scope 3 emissions over time?

Since 2022, Challenger's Scope 3 emissions have increased by 11.22%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), Challenger's Scope 3 emissions remained relatively stable, indicating that Challenger 's emissions have plateaued with no significant change in its value chain footprint. a b

What categories of Scope 3 emissions does Challenger disclose?

In 2024, Challenger reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Challenger's Scope 3 emissions?

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

  • Purchased Goods and Services (Cat. 1): 2,488.1 tCO₂e (56.48%)
  • Business Travel (Cat. 6): 927.8 tCO₂e (21.06%)
  • Employee Commuting (Cat. 7): 562.4 tCO₂e (12.77%)

Challenger's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(21.1%)Employee Commuting(Cat. 7)(12.8%)Purchased Goods andServices (Cat. 1)(56.5%)

Insights into Challenger’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Challenger reported Scope 1 greenhouse gas (GHG) emissions of 2.9 tCO₂e and total revenues of USD 426 millions. This translates into an emissions intensity of 0.01 tCO₂e per millions USD. a

Challenger's Scope 1 Emissions Intensity Compared to Peers

201,00020,0001,000,000Scope 1 Emissions (tCO2e)202001,00010,000100,000Revenues (Millions of USD)WWestpac BankingYear: 2024Scope 1: 6,262 tCO2eRevenue: $M 14,924Scope 1 Intensity: 0.42 tCO2e/$MPerpetualYear: 2024Scope 1: 3 tCO2eRevenue: $M 882Scope 1 Intensity: 0.00 tCO2e/$MNational Australia BankYear: 2024Scope 1: 5,635 tCO2eRevenue: $M 14,255Scope 1 Intensity: 0.40 tCO2e/$MBank of Queensland LtdYear: 2024Scope 1: 328 tCO2eRevenue: $M 1,080Scope 1 Intensity: 0.30 tCO2e/$MAUB GroupYear: 2023Scope 1: 621 tCO2eRevenue: $M 493Scope 1 Intensity: 1.26 tCO2e/$MMacquarie GroupYear: 2025Scope 1: 482 tCO2eRevenue: $M 4,243Scope 1 Intensity: 0.11 tCO2e/$MBendigo and Adelaide BankYear: 2024Scope 1: 1 tCO2eRevenue: $M 1,402Scope 1 Intensity: 0.00 tCO2e/$MSuncorp GroupYear: 2025Scope 1: 2,531 tCO2eRevenue: $M 10,152Scope 1 Intensity: 0.25 tCO2e/$MWWWHSP HoldingsYear: 2024Scope 1: 8,375 tCO2eRevenue: $M 386Scope 1 Intensity: 21.72 tCO2e/$MHub24Year: 2023Scope 1: 2 tCO2eRevenue: $M 184Scope 1 Intensity: 0.01 tCO2e/$MQBE Insurance GroupYear: 2024Scope 1: 7,746 tCO2eRevenue: $M 28,796Scope 1 Intensity: 0.27 tCO2e/$MANZ Group HoldingsYear: 2024Scope 1: 5,958 tCO2eRevenue: $M 14,072Scope 1 Intensity: 0.42 tCO2e/$MEvolution MiningYear: 2024Scope 1: 225,199 tCO2eRevenue: $M 39Scope 1 Intensity: 5,839.16 tCO2e/$MCommonwealth BankYear: 2025Scope 1: 5,592 tCO2eRevenue: $M 18,866Scope 1 Intensity: 0.30 tCO2e/$MMedibankYear: 2024Scope 1: 69 tCO2eRevenue: $M 5,367Scope 1 Intensity: 0.01 tCO2e/$MZipYear: 2022Scope 1: 8 tCO2eRevenue: $M 429Scope 1 Intensity: 0.02 tCO2e/$MComputershareYear: 2024Scope 1: 3,344 tCO2eRevenue: $M 4,544Scope 1 Intensity: 0.74 tCO2e/$MNIB HoldingsYear: 2025Scope 1: 60 tCO2eRevenue: $M 2,360Scope 1 Intensity: 0.03 tCO2e/$MInsurance Australia GroupYear: 2025Scope 1: 6,770 tCO2eRevenue: $M 9,717Scope 1 Intensity: 0.70 tCO2e/$MASXYear: 2025Scope 1: 37 tCO2eRevenue: $M 743Scope 1 Intensity: 0.05 tCO2e/$MSteadfast GroupYear: 2024Scope 1: 704 tCO2eRevenue: $M 801Scope 1 Intensity: 0.88 tCO2e/$MChallengerYear: 2024Scope 1: 3 tCO2eRevenue: $M 426Scope 1 Intensity: 0.01 tCO2e/$M

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

In 2024, Challenger reported a Scope 1 emissions intensity of 0.01 tCO₂e per millions USD. Compared to the peer group median of 0.3 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Challenger rank on GHG emissions intensity within its industry?

In 2024, Challenger ranked 3 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Challenger among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Challenger's Total Carbon Footprint

In 2024, Challenger reported a total carbon footprint of 5,186.8 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.78% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Challenger's total carbon footprint was Scope 3 emissions, accounting for 87.9% of the company's total carbon footprint, followed by Scope 2 emissions at 12.05%. a

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