Phoenix
Phoenix Group, headquartered in Delaware, is a prominent player in the insurance and financial services industry. Founded in 1999, the company has established a strong presence across Europe, particularly in the UK and Germany. Specialising in life insurance, pensions, and asset management, Phoenix Group is recognised for its innovative approach to financial solutions, catering to a diverse clientele. The company’s core offerings include life insurance policies and retirement planning services, distinguished by their customer-centric design and flexibility. Over the years, Phoenix Group has achieved significant milestones, including strategic acquisitions that have bolstered its market position. With a commitment to sustainability and responsible investment, Phoenix Group continues to set benchmarks in the industry, making it a trusted name in financial security.
DitchCarbon Score
How does Phoenix'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
Phoenix's score of 50 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Phoenix's reported carbon emissions
In 2024, Phoenix reported total carbon emissions of approximately 66,927,000 kg CO2e for Scope 1, 49,184,000 kg CO2e for Scope 2, and a significant 25,024,115,000 kg CO2e for Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. In 2023, the company recorded total emissions of about 52,796,000 kg CO2e for Scope 1, 73,205,000 kg CO2e for Scope 2, and 10,148,707,000 kg CO2e for Scope 3. Phoenix has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, the company has pledged to cut its carbon emissions from operations by 42% by 2030 compared to the financial year 2020/21, with a commitment to achieve carbon neutrality from 2030 onwards by purchasing carbon credits for any remaining emissions. These initiatives demonstrate Phoenix's dedication to addressing climate change and reducing its overall carbon footprint.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 20,501,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 47,693,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 140,907,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Phoenix 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.
