Phoenix Holdings

Phoenix Holdings, a GB-headquartered company in the Insurance and pension funding services industry, reported its most recent carbon emissions data for 2024. The company disclosed Scope 1 emissions of 2,111,000 kg CO2e, Scope 2 emissions of 2,457,000 kg CO2e (location-based), and Scope 3 emissions of 57,000,000 kg CO2e. Phoenix Holdings has set a commitment to achieve net-zero carbon for its operations by 2025, covering Scope 1 and 2 emissions from occupied premises and Scope 3 emissions from business travel. This is an initial phase of their broader ambition to become a net-zero Group by 2050.

The company also aims for a 50% reduction in overall emissions by 2030, encompassing 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 of a 25% reduction in the carbon emission intensity of its listed equity and credit assets by 2025 where it has influence and control. Another ambitious target includes a greater than 50% reduction in the carbon emission intensity of assets directly within their control by 2030. Phoenix Holdings is also a signatory to the Science Based Targets initiative (SBTi) with a net-zero commitment.