Pension Insurance
Pension Insurance Corporation (PIC), headquartered in Great Britain, is a leading player in the pension insurance industry, specialising in the management and de-risking of pension schemes. Founded in 2006, PIC has rapidly established itself as a trusted partner for pension trustees and sponsors, focusing on securing member benefits through innovative insurance solutions. With a strong presence across the UK, PIC offers a range of core services, including buy-ins and buy-outs, which uniquely position the company to mitigate risks associated with pension liabilities. Notable achievements include significant growth in assets under management and a commitment to responsible investment practices. As a market leader, Pension Insurance Corporation continues to set benchmarks in the industry, ensuring financial security for pension members while enhancing the stability of pension schemes.
DitchCarbon Score
How does Pension Insurance'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
Pension Insurance's score of 25 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Pension Insurance's reported carbon emissions
In 2023, Pension Insurance reported total carbon emissions of approximately 2,200,000 kg CO2e, comprising 722,254,000 kg CO2e from Scope 1, 413,036,000 kg CO2e from Scope 2, and 1,137,218,000 kg CO2e from Scope 3 emissions. This marked a significant increase in emissions compared to previous years, with total emissions in 2022 recorded at about 2,515,706,000 kg CO2e, and in 2021 at approximately 176,700,000 kg CO2e. The organisation has disclosed emissions data for Scopes 1 and 2, with Scope 1 emissions decreasing from 94,300,000 kg CO2e in 2020 to 81,900,000 kg CO2e in 2021, before rising again in subsequent years. Scope 2 emissions also showed fluctuations, with 116,500,000 kg CO2e in 2020, 94,800,000 kg CO2e in 2021, and increasing to 413,036,000 kg CO2e in 2023. Despite these figures, Pension Insurance has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate strategy. The absence of documented reduction initiatives suggests that the organisation may need to enhance its commitment to sustainability and carbon reduction in line with industry standards.
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Add to project| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 94,300 | 00,000 | - | 000,000,000 | 000,000,000 |
| Scope 2 | 116,500 | 00,000 | - | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 0,000,000,000 |
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.
Pension Insurance is committed to some 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.
