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 74% 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 significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 69,843,000 kg CO2e, while Scope 2 emissions totalled approximately 53,773,000 kg CO2e (market-based) and 79,190,000 kg CO2e (location-based). The majority of emissions stemmed from Scope 3, which accounted for about 24,355,539,000 kg CO2e, primarily from purchased goods and services. In 2023, emissions were slightly higher, with Scope 1 at approximately 70,828,000 kg CO2e, Scope 2 at about 55,157,000 kg CO2e (market-based), and Scope 3 emissions reaching approximately 25,024,115,000 kg CO2e. 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 achieve a 42% reduction in carbon emissions from its operations by 2030, compared to the financial year 2020/21. These targets reflect a strong commitment to sustainability and align 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.
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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.
