Phoenix Holdings

Phoenix Holdings, a UK-based company in the insurance and pension funding services industry, reported total emissions of approximately 11,011 tonnes CO2e in 2024. This total includes Scope 1 emissions of 2,111 tonnes CO2e, and Scope 3 emissions of 9,411 tonnes CO2e. Phoenix Holdings did not disclose Scope 2 emissions for 2024.

For 2023, the company reported total emissions of approximately 11,357 tonnes CO2e, comprising Scope 1 emissions of 2,433 tonnes CO2e, Scope 2 emissions (market-based) of 23 tonnes CO2e, and Scope 3 emissions of 8,898 tonnes CO2e. In 2022, Phoenix Holdings's total emissions were approximately 11,062 tonnes CO2e, with Scope 1 emissions of 2,684 tonnes CO2e, Scope 2 emissions (market-based) of 7 tonnes CO2e, and Scope 3 emissions of 8,360 tonnes CO2e.

Phoenix Holdings is committed to achieving net-zero emissions. The company aims for its own operations to be net zero carbon by 2025, covering Scope 1 and 2 emissions from occupied premises and Scope 3 emissions from business travel. This is the initial phase of their broader ambition to become a net-zero group by 2050. They also aim for a 50% reduction in overall emissions by 2030, covering Scope 1, 2, and some or all Scope 3 categories. Furthermore, Phoenix Holdings is committed to achieving net zero in its investment portfolio by 2050, with an interim target to reduce the carbon intensity of its listed equity and credit assets by 25% by 2025 where it has influence and control. The company has committed to Science Based Targets initiative (SBTi) for net-zero, with a long-term target year of 2050.