Phoenix Holdings
Phoenix Holdings, also known as The Phoenix Group, is a prominent player in the financial services industry, headquartered in Great Britain. Established in 2006, the company has rapidly evolved, focusing on life insurance and asset management, with a strong presence across the UK and Europe. The Phoenix Group is renowned for its innovative approach to managing and consolidating closed life insurance books, offering unique solutions that cater to the needs of policyholders and investors alike. With a commitment to sustainability and responsible investment, the company has achieved significant milestones, including strategic acquisitions that have bolstered its market position. Recognised for its robust financial performance and customer-centric services, Phoenix Holdings continues to set industry standards, making it a trusted name in the financial landscape.
DitchCarbon Score
How does Phoenix Holdings's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Phoenix Holdings's score of 53 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Phoenix Holdings's reported carbon emissions
In 2023, Phoenix Holdings reported total carbon emissions of approximately 11,357,000 kg CO2e, which includes Scope 1 emissions of about 2,433,000 kg CO2e, Scope 2 emissions of approximately 23,000 kg CO2e (market-based), and Scope 3 emissions totalling around 8,901,000 kg CO2e. The company has set ambitious climate commitments, aiming for net zero emissions in its operations by 2025, covering Scope 1 and 2 emissions from occupied premises and Scope 3 emissions from business travel. Additionally, Phoenix Holdings is committed to reducing the carbon intensity of its listed equity and credit assets by 25% by 2025. Looking ahead, the company has a long-term goal of achieving net zero across its investment portfolio by 2050, with interim targets to ensure progress. They are also targeting a 50% reduction in emissions by 2030, which will encompass Scope 1, 2, and various categories of Scope 3 emissions. These commitments align with the Science Based Targets initiative (SBTi) framework, reflecting Phoenix Holdings's dedication to addressing climate change and reducing its carbon footprint. The emissions data and climate commitments are sourced directly from Phoenix Group Holdings plc, with no data cascaded from a parent organization.
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| 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 20,501,000 | 00,000,000 | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 50,966,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000 | 00,000 |
| Scope 3 | 115,987,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Phoenix Holdings is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
