Charles Taylor

Charles Taylor, headquartered in GB and operating within the Insurance and pension funding services sector, has established ambitious climate commitments. The company aims to reach net-zero greenhouse gas emissions across its value chain by 2050.

In terms of emissions reporting, for the year 2022, Charles Taylor reported a total of approximately 6.08 million kg CO2e. This figure was comprised of Scope 1 emissions totalling about 325,650 kg CO2e, Scope 2 emissions at approximately 975,000 kg CO2e, and substantial Scope 3 emissions amounting to approximately 5.75 million kg CO2e. Key contributors to their Scope 3 emissions in 2022 included business travel and employee commutes.

For 2024, Scope 1 emissions were approximately 312,500 kg CO2e and Scope 2 (market-based) emissions were approximately 29,000 kg CO2e. Scope 2 (location-based) emissions were approximately 899,870 kg CO2e.

Charles Taylor has committed to significant emissions reductions aligned with a 1.5°C pathway. Key targets include:

• Reducing absolute Scope 1 GHG emissions by 63% by 2034 from a 2019 base year.
• Reducing absolute Scope 2 GHG emissions by 97.7% by 2034 from a 2019 base year.
• Increasing the sourcing of renewable electricity to 100% by 2030.
• Reducing absolute Scope 3 GHG emissions by 58.8% by 2034 from a 2023 base year.
• Long-term targets include a 90% reduction in absolute Scope 1 and 2 emissions by 2050 from a 2019 base year, and a 90% reduction in absolute Scope 3 GHG emissions by 2050 from a 2023 base year.

These targets are validated by the Science Based Targets initiative (SBTi). Charles Taylor Limited is committed to SBTi and has a net-zero committed status.