Franklin Resources Inc

Common Name
Franklin Resources
Country
United States
Sector
Financial Services
Industry
Asset Management
Employees
10,100
Ticker
BEN
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Franklin Resources Inc., commonly known as Franklin Templeton, is a prominent global investment management organization. Its primary purpose is to provide a wide range of investment solutions, includi...

Franklin Resources's GHG Emissions Data Preview

In 2022, Franklin Resources 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).

Franklin Resources has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2022202120202019 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Franklin Resources’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 Franklin Resources’s data sources below and access millions more through our Disclosure Search.

a. Franklin Resources's TCFD Report 2023
Trace every data point back to Franklin Resources’s disclosures

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b. Franklin Resources's CSR Report 2021
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Insights into Franklin Resources's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of Franklin Resources amounted to 32,603 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 2021, the total operational greenhouse gas (GHG) emissions of Franklin Resources increased by 0.44%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Franklin Resources's Scope 1 Emissions Over Time

201920202021202203 k6 k9 k12 ktCO2e-43%+48%+17%
  • Total Scope 1
  • Year-over-Year Change

What are Franklin Resources's Scope 1 emissions?

In 2022, the total Scope 1 emissions of Franklin Resources were 11,655 metric tons of CO₂ equivalent (tCO₂e). a

Has Franklin Resources reduced its Scope 1 emissions over time?

Since 2019, Franklin Resources's Scope 1 emissions have decreased by 1.26%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2021), Franklin Resources's Scope 1 emissions increased by 17.22%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Franklin Resources's Scope 2 emissions?

In 2022, Franklin Resources reported Scope 2 greenhouse gas (GHG) emissions of 22,096 tCO₂e using the market-based method and 20,948 tCO₂e using the location-based method. a

Has Franklin Resources reduced its Scope 2 emissions over time?

Since 2019, Franklin Resources's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 30%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2021), Franklin Resources's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Franklin Resources 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Franklin Resources use for Scope 2 reporting?

In 2022, Franklin Resources reported its Scope 2 emissions using the market-based method and using the location-based method. a

Franklin Resources's Scope 2 Emissions Over Time

201920202021202207.5 k15 k22.5 k30 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Franklin Resources's Value Chain Emissions

In 2022, Franklin Resources reported 109,442 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 2022 disclosure of Franklin Resources includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 6 in 2021, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Franklin Resources's Scope 3 Emissions Over Time

2019202020212022035 k70 k105 k140 ktCO2e-38%+1695%-15%
  • Total Scope 3
  • Year-over-Year Change

What are Franklin Resources's Scope 3 emissions?

In 2022, Franklin Resources reported total Scope 3 emissions of 109,442 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 98.19% of these emissions originated from upstream activities such as purchased goods and capital goods, while 1.81% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Franklin Resources reduced its Scope 3 emissions over time?

Since 2019, Franklin Resources's Scope 3 emissions have increased by 848.95%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2021), Franklin Resources's Scope 3 emissions decreased by 14.65%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Franklin Resources disclose?

In 2022, Franklin Resources reported emissions for 7 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 Franklin Resources's Scope 3 emissions?

In 2022, the largest contributors to Franklin Resources's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 75,449 tCO₂e (68.93%)
  • Capital Goods (Cat. 2): 13,772 tCO₂e (12.58%)
  • Fuel- and Energy-Related Services (Cat. 3): 9,655 tCO₂e (8.82%)

Franklin Resources's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(68.9%)Fuel- andEnergy-RelatedServices (Cat. 3)(8.8%)Capital Goods(Cat. 2)(12.6%)

Insights into Franklin Resources’s GHG Emissions Intensity Compared to Industry Peers

In 2022, Franklin Resources reported Scope 1 greenhouse gas (GHG) emissions of 11,655 tCO₂e and total revenues of USD 8,275 millions. This translates into an emissions intensity of 1.41 tCO₂e per millions USD. a

Franklin Resources's Scope 1 Emissions Intensity Compared to Peers

101005005,00050,000Scope 1 Emissions (tCO2e)1005005,00020,000100,000Revenues (Millions of USD)ATEAres ManagementYear: 2023Scope 1: 47 tCO2eRevenue: $M 5,000Scope 1 Intensity: 0.01 tCO2e/$MBlue Owl CapitalYear: 2023Scope 1: 18 tCO2eRevenue: $M 1,731Scope 1 Intensity: 0.01 tCO2e/$MInvescoYear: 2023Scope 1: 688 tCO2eRevenue: $M 5,714Scope 1 Intensity: 0.12 tCO2e/$MPrincipal Financial GroupYear: 2024Scope 1: 5,015 tCO2eRevenue: $M 16,130Scope 1 Intensity: 0.31 tCO2e/$MAAArtisan PartnersYear: 2024Scope 1: 106 tCO2eRevenue: $M 1,112Scope 1 Intensity: 0.10 tCO2e/$MSEI InvestmentsYear: 2023Scope 1: 117 tCO2eRevenue: $M 1,921Scope 1 Intensity: 0.06 tCO2e/$MTTTPGYear: 2023Scope 1: 287 tCO2eRevenue: $M 1,817Scope 1 Intensity: 0.16 tCO2e/$MApollo Global ManagementYear: 2023Scope 1: 1,182 tCO2eRevenue: $M 32,652Scope 1 Intensity: 0.04 tCO2e/$MCarlyle GroupYear: 2023Scope 1: 1,139 tCO2eRevenue: $M 1,324Scope 1 Intensity: 0.86 tCO2e/$MEEEquitable HoldingsYear: 2023Scope 1: 1,715 tCO2eRevenue: $M 10,528Scope 1 Intensity: 0.16 tCO2e/$MKKR & CoYear: 2022Scope 1: 786 tCO2eRevenue: $M 5,567Scope 1 Intensity: 0.14 tCO2e/$MRaymond James FinancialYear: 2022Scope 1: 392 tCO2eRevenue: $M 10,859Scope 1 Intensity: 0.04 tCO2e/$MNorthern TrustYear: 2021Scope 1: 1,797 tCO2eRevenue: $M 6,464Scope 1 Intensity: 0.28 tCO2e/$MBlackRockYear: 2023Scope 1: 6,689 tCO2eRevenue: $M 17,861Scope 1 Intensity: 0.37 tCO2e/$MCincinnati FinancialYear: 2023Scope 1: 14,066 tCO2eRevenue: $M 10,013Scope 1 Intensity: 1.40 tCO2e/$MAmeriprise FinancialYear: 2023Scope 1: 5,534 tCO2eRevenue: $M 15,536Scope 1 Intensity: 0.36 tCO2e/$MAres CapitalYear: 2021Scope 1: 47 tCO2eRevenue: $M 1,681Scope 1 Intensity: 0.03 tCO2e/$MSynchrony FinancialYear: 2024Scope 1: 168 tCO2eRevenue: $M 16,154Scope 1 Intensity: 0.01 tCO2e/$MT Rowe Price GroupYear: 2023Scope 1: 681 tCO2eRevenue: $M 6,461Scope 1 Intensity: 0.11 tCO2e/$MAffiliated Managers GroupYear: 2022Scope 1: 601 tCO2eRevenue: $M 2,329Scope 1 Intensity: 0.26 tCO2e/$MState StreetYear: 2024Scope 1: 4,813 tCO2eRevenue: $M 12,917Scope 1 Intensity: 0.37 tCO2e/$MBROOKFIELD ASSET MANAGEMENTYear: 2024Scope 1: 322 tCO2eRevenue: $M 482Scope 1 Intensity: 0.67 tCO2e/$MBlackstoneYear: 2024Scope 1: 466 tCO2eRevenue: $M 10,939Scope 1 Intensity: 0.04 tCO2e/$MFranklin ResourcesYear: 2022Scope 1: 11,655 tCO2eRevenue: $M 8,275Scope 1 Intensity: 1.41 tCO2e/$M

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

In 2022, Franklin Resources reported a Scope 1 emissions intensity of 1.41 tCO₂e 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 Franklin Resources rank on GHG emissions intensity within its industry?

In 2022, Franklin Resources ranked 24 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Franklin Resources among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Franklin Resources's Total Carbon Footprint

In 2022, Franklin Resources reported a total carbon footprint of 142,045 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.6% decrease compared to 2021, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Franklin Resources's total carbon footprint was Scope 3 emissions, accounting for 77.05% of the company's total carbon footprint, followed by Scope 2 emissions at 14.75%. a

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