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 44 is higher than 93% 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 2023, Phoenix reported total carbon emissions of approximately 10,148,707,000 kg CO2e, with emissions distributed across various scopes: 52,796,000 kg CO2e (Scope 1), 73,205,000 kg CO2e (Scope 2), and 25,024,115,000 kg CO2e (Scope 3). This represents a significant portion of their overall emissions profile, highlighting the importance of addressing Scope 3 emissions, which are often the largest contributor in many industries. In 2022, the total emissions were about 9,814,870,000 kg CO2e, with Scope 1 emissions at 56,885,000 kg CO2e, Scope 2 at 73,922,000 kg CO2e, and Scope 3 at approximately 9,813,244,000 kg CO2e. This indicates a slight increase in emissions from 2022 to 2023. Phoenix has not publicly disclosed specific reduction targets or initiatives through the Science Based Targets initiative (SBTi) or other formal climate pledges. However, the company continues to monitor and report its emissions across all scopes, demonstrating a commitment to transparency in its sustainability efforts. Overall, while Phoenix has made strides in emissions reporting, the absence of defined reduction targets suggests an opportunity for the company to enhance its climate commitments and align with industry best practices for carbon reduction.
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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.
