The Greater Manchester Pension Fund (GMPF), headquartered in Greater Manchester, GB, is a prominent player in the UK pension industry. Established in 1974, GMPF serves a diverse range of public sector employees across the Greater Manchester region, managing substantial assets to secure retirement benefits for its members. GMPF offers a comprehensive suite of pension services, including investment management and member support, distinguished by its commitment to sustainable investment practices. With a strong focus on responsible investing, the fund has achieved notable milestones, including recognition for its innovative approach to environmental, social, and governance (ESG) criteria. As one of the largest local authority pension funds in the UK, GMPF holds a significant market position, continually striving to enhance member outcomes while ensuring financial sustainability. Its dedication to transparency and member engagement further solidifies its reputation as a trusted pension provider.
How does Greater Manchester Pension Fund'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.
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.
Greater Manchester Pension Fund's score of 17 is lower than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, the Greater Manchester Pension Fund (GMPF) reported a Weighted Average Carbon Intensity (WACI) of approximately 0.185 kg CO2e per unit of revenue. This marks a significant reduction from previous years, with the WACI decreasing from about 0.25 kg CO2e in 2022, 0.3 kg CO2e in 2021, and 0.32 kg CO2e in 2020. The trend indicates a commitment to reducing carbon emissions over time. GMPF has not disclosed specific Scope 1, 2, or 3 emissions data, nor have they set formal reduction targets or climate pledges. However, the consistent decrease in WACI reflects an ongoing effort to enhance sustainability and reduce the carbon footprint associated with their operations. The fund's climate commitments align with broader industry trends towards greater transparency and accountability in carbon emissions management.
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.
Greater Manchester Pension Fund 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.