As of 2024, Morningstar has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Morningstar's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -50%a | 2030 |
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As of 2024, Morningstar has set greenhouse gas (GHG) emissions reduction targets that cover only its total carbon footprint, without separate targets for operational (Scope 1 and 2) or value chain (Scope 3) emissions. This limits the ability to track progress across distinct emissions categories.a
As of 2024, Morningstar has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
Morningstar's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 13,693 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019, by 50% by 2030.a
As of 2024, Morningstar is ahead of schedule on its total carbon footprint reduction target, having achieved 85.58% of the planned reduction.a