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 38 is higher than 87% 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 figure includes Scope 1 emissions of about 277,238,000 kg CO2e, Scope 2 emissions of approximately 181,200 kg CO2e, 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 is committed to achieving Net Zero for its operations by 2035 or sooner, aligning with the UK Government’s Net Zero by 2050 target. This commitment encompasses both Scope 1 and Scope 2 emissions. Additionally, the PPF has set science-based targets to reduce its Scope 1 and 2 emissions by 42% by 2030 compared to 2021 levels, demonstrating a proactive approach to climate action. In 2022, the PPF's total emissions were approximately 231,000 kg CO2e, indicating a slight increase from the previous year. The organisation continues to assess its emissions and implement strategies to meet its reduction goals, reflecting its dedication to sustainability and responsible investment practices.
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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.
