Phoenix Group
Phoenix Group, headquartered in the United States, is a leading player in the financial services industry, specialising in insurance and asset management. Founded in 2001, the company has established a strong presence across North America and Europe, focusing on providing innovative solutions tailored to meet the diverse needs of its clients. With a commitment to excellence, Phoenix Group offers a range of core products, including life insurance, annuities, and investment management services. What sets them apart is their customer-centric approach and robust risk management strategies, ensuring clients receive tailored financial solutions. Recognised for its market position, Phoenix Group has achieved significant milestones, including strategic acquisitions that have expanded its service offerings and enhanced its competitive edge. As a trusted name in the industry, Phoenix Group continues to drive growth and innovation in the financial landscape.
DitchCarbon Score
How does Phoenix Group'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 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 Group's score of 53 is lower than 100% 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 Group's reported carbon emissions
In 2024, Phoenix Group reported total carbon emissions of approximately 66,927,000 kg CO2e across all scopes. This includes Scope 1 emissions of about 66,927,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 49,184,000 kg CO2e, with purchased electricity contributing significantly. The company also disclosed substantial Scope 3 emissions, totalling around 25,024,115,000 kg CO2e, which encompasses various categories such as purchased goods and services, employee commute, and upstream transportation. Comparatively, in 2023, Phoenix Group's emissions were approximately 52,796,000 kg CO2e for Scope 1, 52,384,000 kg CO2e for Scope 2, and about 10,148,707,000 kg CO2e for Scope 3. This indicates a notable increase in emissions across all scopes from 2023 to 2024. Phoenix Group has set ambitious climate commitments, aiming for a 42% reduction in carbon emissions from its operations by 2030, relative to the 2021/22 baseline. This target applies to both Scope 1 and Scope 2 emissions. Furthermore, the company plans to achieve carbon neutrality by 2030 by offsetting remaining emissions through the purchase of carbon credits. The emissions data reported by Phoenix Group is cascaded from its parent company, Concentrix Corporation, reflecting a merged entity relationship. This data is crucial for understanding the broader impact of the group's operations on climate change and their commitment to sustainability.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 56,885,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 52,581,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 9,813,244,000 | 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 Group 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.
