Momentum Group Ltd

Country
South Africa
Sector
Financial Services
Industry
Insurance - Diversified
Employees
15,362
Ticker
MTM
Exchange
JOHANNESBURG STOCK EXCHANGE
Description
Momentum Group Limited is a South African-based financial services company specializing in life and non-life insurance, asset management, investment, and savings solutions. With a heritage spanning ov...

Momentum Group Ltd's GHG Emissions Data Preview

In 2023, Momentum Group Ltd 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).

Momentum Group Ltd has also provided a category-level breakdown for 5 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
Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Momentum Group Ltd's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Momentum Group Ltd amounted to 39,762 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Momentum Group Ltd decreased by 9.64%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Momentum Group Ltd's Scope 1 Emissions Over Time

201920212022202301.5 k3 k4.5 k6 ktCO2e-19%+107%+23%
  • Total Scope 1
  • Year-over-Year Change

What are Momentum Group Ltd's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Momentum Group Ltd were 4,396 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Momentum Group Ltd reduced its Scope 1 emissions over time?

Since 2019, Momentum Group Ltd's Scope 1 emissions have increased by 105.81%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Momentum Group Ltd's Scope 1 emissions increased by 23.21%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Momentum Group Ltd's Scope 2 emissions?

In 2023, Momentum Group Ltd reported Scope 2 greenhouse gas (GHG) emissions of 35,366 tCOâ‚‚e using the location-based method.

Has Momentum Group Ltd reduced its Scope 2 emissions over time?

Since 2019, Momentum Group Ltd's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 30.38%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Momentum Group Ltd's Scope 2 emissions (Location-Based) fell by 12.54% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Momentum Group Ltd use for Scope 2 reporting?

In 2023, Momentum Group Ltd reported its Scope 2 emissions using the location-based method.

Momentum Group Ltd's Scope 2 Emissions Over Time

2019202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based

Insights into Momentum Group Ltd's Value Chain Emissions

In 2023, Momentum Group Ltd reported 24,018 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Momentum Group Ltd includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Momentum Group Ltd's Scope 3 Emissions Over Time

201920212022202306.5 k13 k19.5 k26 ktCO2e-56%+41%+108%
  • Total Scope 3
  • Year-over-Year Change

What are Momentum Group Ltd's Scope 3 emissions?

In 2023, Momentum Group Ltd reported total Scope 3 emissions of 24,018 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

Has Momentum Group Ltd reduced its Scope 3 emissions over time?

Since 2019, Momentum Group Ltd's Scope 3 emissions have increased by 28.82%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Momentum Group Ltd's Scope 3 emissions increased by 108.18%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Momentum Group Ltd disclose?

In 2023, Momentum Group Ltd reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.

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

What are the main sources of Momentum Group Ltd's Scope 3 emissions?

In 2023, the largest contributors to Momentum Group Ltd's Scope 3 emissions were:

  • Fuel- and Energy-Related Services (Cat. 3): 14,464 tCOâ‚‚e (60.22%)
  • Business Travel (Cat. 6): 8,768 tCOâ‚‚e (36.51%)
  • Purchased Goods and Services (Cat. 1): 380 tCOâ‚‚e (1.58%)

Momentum Group Ltd's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(60.2%)Purchased Goods andServices (Cat. 1)(1.6%)Business Travel(Cat. 6)(36.5%)

Insights into Momentum Group Ltd's Total Carbon Footprint

In 2023, Momentum Group Ltd reported a total carbon footprint of 63,780 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.83% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Momentum Group Ltd's total carbon footprint was Scope 2 emissions, accounting for 55.45% of the company's total carbon footprint, followed by Scope 3 emissions at 37.66%.

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