Charles Taylor

Charles Taylor, a UK-headquartered company in the insurance and pension funding services industry, reported Scope 1 emissions of 312,500 kg CO2e and Scope 2 (market-based) emissions of 29,000 kg CO2e in 2024.

In 2023, Charles Taylor's total emissions were approximately 13.19 million kg CO2e. This included Scope 1 emissions of 282,000 kg CO2e, Scope 2 (location-based) emissions of 943,000 kg CO2e, and Scope 3 emissions of approximately 12.92 million kg CO2e. Key contributors to Scope 3 emissions in 2023 were employee commuting (about 4.71 million kg CO2e) and business travel (about 5.07 million kg CO2e).

Looking back, in 2022, the company reported Scope 1 emissions of 325,650 kg CO2e, Scope 2 (location-based) emissions of 975,000 kg CO2e, and Scope 3 emissions of approximately 5.75 million kg CO2e. In 2020, Charles Taylor's Scope 1 emissions were 332,000 kg CO2e, Scope 2 (market-based) emissions were 958,000 kg CO2e, and Scope 3 emissions were approximately 3.68 million kg CO2e. In 2019, Scope 1 emissions were 326,000 kg CO2e, Scope 2 (market-based) emissions were approximately 2.08 million kg CO2e, and Scope 3 emissions were approximately 6.72 million kg CO2e. In 2018, Scope 1 emissions were 554,000 kg CO2e, Scope 2 (location-based) emissions were approximately 1.72 million kg CO2e, and Scope 3 emissions were approximately 6.43 million kg CO2e. In 2012, Scope 1 emissions were 417,000 kg CO2e, Scope 2 (location-based) emissions were 851,000 kg CO2e, and Scope 3 emissions were approximately 2.03 million kg CO2e.

Charles Taylor Limited has set ambitious Science Based Targets initiative (SBTi) aligned climate commitments. The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050.

For near-term targets, Charles Taylor Limited commits to:

• Reduce absolute Scope 1 GHG emissions by 63% by 2034, from a 2019 base year.
• Reduce absolute Scope 2 GHG emissions by 97.7% by 2034, from a 2019 base year.
• Increase active annual sourcing of renewable electricity from 26.9% in 2019 to 100% by 2030.
• Reduce absolute Scope 3 GHG emissions by 58.8% by 2034, from a 2023 base year.

For long-term targets, Charles Taylor Limited commits to:

• Reduce absolute Scope 1 and 2 emissions by 90% by 2050, from a 2019 base year.
• Reduce absolute Scope 3 GHG emissions by 90% by 2050, from a 2023 base year.