British Steel Pension Scheme
The British Steel Pension Scheme (BSPS) is a prominent pension fund based in Great Britain, primarily serving the employees of British Steel and its associated companies. Established in the early 20th century, the scheme has undergone significant transformations, particularly during the privatisation of the steel industry in the 1980s and subsequent restructuring efforts. Operating mainly in the United Kingdom, BSPS focuses on providing robust retirement benefits to its members, ensuring financial security through a well-managed investment portfolio. The scheme is distinguished by its commitment to sustainability and responsible investment practices, reflecting the evolving needs of its beneficiaries. With a strong market position, BSPS has achieved notable milestones in pension fund management, making it a key player in the UK’s pension landscape.
DitchCarbon Score
How does British Steel Pension Scheme'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
British Steel Pension Scheme's score of 20 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
British Steel Pension Scheme's reported carbon emissions
In 2023, the British Steel Pension Scheme reported total carbon emissions of approximately 1,200,000,000 kg CO2e. This figure represents a significant increase from 2022, where emissions were about 50,700,000,000 kg CO2e. The weighted average carbon intensity (WACI) for 2023 was reported at 0.85 tonnes per million dollars of sales, indicating a focus on emissions relative to revenue. Despite the increase in total emissions, there are currently no disclosed reduction targets or climate pledges from the British Steel Pension Scheme. The absence of specific Scope 1, 2, or 3 emissions data suggests that the organisation may still be developing its climate strategy and commitments. As the industry increasingly prioritises sustainability, the British Steel Pension Scheme's future initiatives will be crucial in addressing climate change and reducing its carbon footprint.
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.
British Steel Pension Scheme is not committed to any reduction initiatives 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.
