Pension Protection Fund
The Pension Protection Fund (PPF), headquartered in Great Britain, plays a crucial role in the UK pensions landscape. Established in 2005, the PPF was created to safeguard the pensions of members of defined benefit schemes when their employers become insolvent. With a focus on protecting pension benefits, the PPF operates primarily across England, Scotland, Wales, and Northern Ireland. The PPF offers a unique safety net for pension scheme members, ensuring they receive a significant portion of their promised benefits. Its innovative approach to risk management and investment strategies has positioned it as a leader in the pensions industry. Notable achievements include the successful management of a diverse investment portfolio and the protection of millions of pensioners, reinforcing its reputation as a vital institution in the UK’s financial ecosystem.
DitchCarbon Score
How does Pension Protection 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.
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
Pension Protection Fund's score of 35 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pension Protection Fund's reported carbon emissions
In 2023, the Pension Protection Fund (PPF) reported total carbon emissions of approximately 234,400 kg CO2e. This includes Scope 1 emissions of about 277,238,000 kg CO2e, Scope 2 emissions of approximately 181,200 kg CO2e (location-based), and Scope 3 emissions of around 106,522,000 kg CO2e, with significant contributions from business travel (53,200 kg CO2e) and purchased goods and services (60,300 kg CO2e). The PPF has set ambitious climate commitments, aiming for Net Zero emissions across its operations by 2035 or sooner. This target applies to both Scope 1 and Scope 2 emissions, reflecting a long-term strategy to mitigate its carbon footprint. The PPF's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. In comparison, the previous year's emissions in 2022 were approximately 231,000 kg CO2e, with Scope 1 emissions at about 235,233,000 kg CO2e, Scope 2 emissions at approximately 228,700 kg CO2e (location-based), and Scope 3 emissions at around 61,786,000 kg CO2e. This shows a slight increase in total emissions year-on-year. The PPF's commitment to reducing its carbon emissions aligns with industry standards and reflects a proactive approach to climate change, ensuring accountability and transparency in its environmental impact.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 361,360,000 | - | 000,000,000 | 000,000,000 |
| Scope 2 | 160,500 | - | - | - |
| Scope 3 | 102,249,000 | 000 | 00,000,000 | 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 Protection Fund is not participating in any of the initiatives that 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.
