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.
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.
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.
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.
In 2023, the Pension Protection Fund (PPF) reported total carbon emissions of approximately 234,400 kg CO2e. This figure includes significant contributions from Scope 1 emissions, which total about 277,238,000 kg CO2e, and Scope 2 emissions, amounting to approximately 181,172,000 kg CO2e. Additionally, Scope 3 emissions were reported at about 106,522,000 kg CO2e, with notable sources including downstream transportation and distribution (approximately 221,106,000 kg CO2e) and upstream leased assets (about 1,099,947,000 kg CO2e). 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. The organisation has set science-based targets to reduce its Scope 1 and 2 emissions by 42% by 2030, compared to 2021 levels. This commitment reflects PPF's proactive approach to climate action and its dedication to reducing its carbon footprint across all scopes of emissions.
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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 |
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.