Royal London
Royal London, officially known as Royal London Group, is a prominent mutual insurance and investment company headquartered in London, GB. Established in 1861, it has grown to become one of the UK's largest life insurance and investment providers, serving millions of customers across the nation. The company operates primarily in the life insurance, pensions, and asset management sectors, offering a diverse range of products including life cover, retirement solutions, and investment funds. Royal London is distinguished by its commitment to mutuality, prioritising the interests of its members over shareholders. With a strong market position, Royal London has achieved notable milestones, including significant growth in assets under management and recognition for its customer service excellence. Its focus on ethical investment and innovative financial solutions further solidifies its reputation in the industry.
DitchCarbon Score
How does Royal London'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 Services Auxiliary to Financial Intermediation 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
Royal London's score of 69 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Royal London's reported carbon emissions
In 2024, Royal London reported total carbon emissions of approximately 30,639,000 kg CO2e across all scopes. This includes 229,000 kg CO2e from Scope 1, 5,300 kg CO2e from market-based Scope 2 emissions, and a significant 30,639,000 kg CO2e from Scope 3 emissions. In comparison, their 2023 emissions were about 31,932,000 kg CO2e, with Scope 1 emissions at 225,000 kg CO2e and market-based Scope 2 emissions at 1,136,000 kg CO2e. Royal London has set ambitious climate commitments, aiming for net zero emissions by 2030 for both Scope 1 and Scope 2 emissions. Additionally, they plan to reduce emissions from their investment portfolio by 50% by 2030, using 2020 as a baseline. For Scope 3 emissions, they target net zero by 2040, specifically for their indirectly managed property assets. These commitments reflect Royal London's proactive approach to addressing climate change and reducing their carbon footprint, aligning with industry standards for sustainability and environmental responsibility.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,262,000 | 000,000 | 000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 2,802,000 | 0,000,000 | 00,000 | 0,000,000 | 0,000,000 | 00,000 |
| Scope 3 | 57,640,000 | - | 0,000,000 | 000,000,000 | 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.
Royal London is not participating in any 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.
