Phoenix Sustainability Profile
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 56 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Phoenix's reported carbon emissions
In 2024, Phoenix reported total carbon emissions of approximately 24,555,539,000 kg CO2e, with emissions distributed across various scopes: 69,843,000 kg CO2e (Scope 1), 53,773,000 kg CO2e (Scope 2, market-based), and 24,355,539,000 kg CO2e (Scope 3). The previous year, 2023, saw similar figures with total emissions of about 25,024,115,000 kg CO2e, comprising 70,828,000 kg CO2e (Scope 1), 55,157,000 kg CO2e (Scope 2, market-based), and 25,024,115,000 kg CO2e (Scope 3). Phoenix has set ambitious climate commitments, aiming to achieve near-zero emissions for both Scope 1 and Scope 2 by 2025. Additionally, the company has pledged to reduce carbon emissions from its operations by 42% by 2030 compared to the financial year 2020/21. This commitment reflects a strategic focus on sustainability and aligns with industry standards for climate action. The emissions data is not cascaded from any parent organization, indicating that Phoenix is independently reporting its carbon footprint and climate initiatives. The company is actively working towards its targets, demonstrating a commitment to reducing its environmental impact in the pharmaceutical sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Phoenix's Industry?
How Carbon Intensive is Phoenix's Location?
Phoenix's Scope 3 Categories Breakdown
Phoenix's Scope 3 emissions, which decreased by 3% last year and increased significantly since 2015, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Phoenix's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Phoenix has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
