AMP Ltd 2019 AR2
The report outlines AMP's performance and strategic progress during its transitional fiscal year 2019. The company announced a three-year transformational strategy to become a client-led, simpler, and growth-oriented business, which includes the sale of AMP Life to Resolution Life. Financially, AMP reported an underlying profit of A$464 million, though it recorded a statutory net loss of A$2.5 billion due to non-cash impairments. On the sustainability front, the company maintained its carbon-neutral operations, reducing Scope 1 and 2 emissions by 48% from 2013 levels, and the AMP Foundation reached a milestone of A$100 million in total donations since inception.
Company: AMP Ltd
Sector: Financials
Country: Australia
Year: 2019
Type: AR2
Pages: 145
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AMP Ltd
Annual Report
The report outlines AMP's performance and strategic progress during its transitional fiscal year 2019. The company announced a three-year transformational strategy to become a client-led, simpler, and growth-oriented business, which includes the sale of AMP Life to Resolution Life. Financially, AMP reported an underlying profit of A$464 million, though it recorded a statutory net loss of A$2.5 billion due to non-cash impairments. On the sustainability front, the company maintained its carbon-neutral operations, reducing Scope 1 and 2 emissions by 48% from 2013 levels, and the AMP Foundation reached a milestone of A$100 million in total donations since inception.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target
Employees