Morningstar Inc
Morningstar's GHG Emissions Data Preview
In 2023, Morningstar 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).
Morningstar has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
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 Morningstar's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Morningstar amounted to 5,609 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 Morningstar increased by 0.07%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Morningstar's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Morningstar's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Morningstar were 321 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Morningstar reduced its Scope 1 emissions over time?
Since 2019, Morningstar's Scope 1 emissions have decreased by 36.81%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Morningstar's Scope 1 emissions decreased by 19.75%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Morningstar's Scope 2 emissions?
In 2023, Morningstar reported Scope 2 greenhouse gas (GHG) emissions of 4,846 tCOâ‚‚e using the market-based method, and 5,288 tCOâ‚‚e using the location-based method.
Has Morningstar reduced its Scope 2 emissions over time?
Since 2019, Morningstar's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 29.86%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Morningstar's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Morningstar 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does Morningstar use for Scope 2 reporting?
In 2023, Morningstar reported its Scope 2 emissions using the market-based method and using the location-based method.
Morningstar's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Morningstar's Value Chain Emissions
In 2023, Morningstar reported 4,114 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 Morningstar includes a breakdown across 2 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.
Morningstar's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Morningstar's Scope 3 emissions?
In 2023, Morningstar reported total Scope 3 emissions of 4,114 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 Morningstar reduced its Scope 3 emissions over time?
Since 2019, Morningstar's Scope 3 emissions have decreased by 23.9%, reflecting a declining long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Morningstar's Scope 3 emissions increased by 39.32%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does Morningstar disclose?
In 2023, Morningstar reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Morningstar's Scope 3 emissions?
In 2023, the largest contributors to Morningstar's Scope 3 emissions were:
- Business Travel (Cat. 6): 3,976 tCOâ‚‚e (96.65%)
- Waste Generated in Operations (Cat. 5): 138 tCOâ‚‚e (3.35%)
Morningstar's Scope 3 Emissions by Categories
Insights into Morningstar's Total Carbon Footprint
In 2023, Morningstar reported a total carbon footprint of 9,723 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.61% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Morningstar's total carbon footprint was Scope 2 emissions, accounting for 54.39% of the company's total carbon footprint, followed by Scope 3 emissions at 42.31%.