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 51 is higher than 68% 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 2025, Phoenix reported total carbon emissions of approximately 98.4 million kg CO2e, comprising Scope 1 emissions of about 69.8 million kg CO2e, Scope 2 emissions of approximately 53.8 million kg CO2e, and Scope 3 emissions of about 24.4 billion kg CO2e. The company has set ambitious climate commitments, aiming for net-zero operations by 2025 for both Scope 1 and Scope 2 emissions. Additionally, Phoenix targets a 42% reduction in carbon emissions from its operations by 2030, compared to the financial year 2020/21. In 2024, total emissions were approximately 99.5 million kg CO2e, with Scope 1 at about 70.8 million kg CO2e, Scope 2 at approximately 55.2 million kg CO2e, and Scope 3 at around 25.0 billion kg CO2e. The previous year, 2023, saw total emissions of about 63.5 million kg CO2e, with Scope 1 emissions at approximately 52.8 million kg CO2e, Scope 2 at around 52.4 million kg CO2e, and Scope 3 at about 10.1 billion kg CO2e. Phoenix's emissions data is not cascaded from a parent organization, indicating that these figures are independently reported. The company is committed to reducing its carbon footprint and achieving significant sustainability goals in the near term.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 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 | 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" being the largest emissions source at 99% of Scope 3 emissions.
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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.
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