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 56 is higher than 78% 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 24,355,539,000 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, they plan to reduce carbon emissions from their operations by 42% by 2030 compared to the financial year 2020/21. This commitment reflects a significant effort to align with net-zero targets and demonstrates a proactive approach to sustainability. 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 goals, with a focus on reducing emissions across all scopes, particularly in its operational activities.
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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 | - | - | - | 00,000,000,000 | 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.
