Royal London
Royal London, officially known as Royal London Group, is a prominent mutual insurance and investment company headquartered in London, GB. Established in 1861, it has grown to become one of the UK's largest life insurance and investment providers, serving millions of customers across the nation. The company operates primarily in the life insurance, pensions, and asset management sectors, offering a diverse range of products including life cover, retirement solutions, and investment funds. Royal London is distinguished by its commitment to mutuality, prioritising the interests of its members over shareholders. With a strong market position, Royal London has achieved notable milestones, including significant growth in assets under management and recognition for its customer service excellence. Its focus on ethical investment and innovative financial solutions further solidifies its reputation in the industry.
DitchCarbon Score
How does Royal London'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 Services Auxiliary to Financial Intermediation 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
Royal London's score of 68 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Royal London's reported carbon emissions
In 2024, Royal London reported significant carbon emissions, with Scope 2 emissions totalling approximately 53000 kg CO2e (market-based) and 833000 kg CO2e (location-based). Their Scope 3 emissions were notably higher, amounting to about 26620000 kg CO2e from purchased goods and services alone, alongside substantial contributions from employee commuting (1960000 kg CO2e) and business travel (1117000 kg CO2e). The organisation has set ambitious climate commitments, aiming for net zero emissions by 2030 for both Scope 1 and Scope 2 emissions. Additionally, they plan to reduce emissions from their investment portfolio by 50% by 2030, using 2020 as a baseline. For Scope 3 emissions, Royal London targets achieving net zero by 2040 across indirectly managed property assets. In 2023, their global emissions included approximately 225000 kg CO2e for Scope 1, 1136000 kg CO2e for Scope 2 (market-based), and a total of about 31932000 kg CO2e for Scope 3. The organisation's commitment to reducing its carbon footprint is further evidenced by a target to cut Scope 1 emissions by 60% by 2025. Royal London’s emissions data is inherited from its parent company, The Royal London Mutual Insurance Society Limited, ensuring a comprehensive understanding of their environmental impact and commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,262,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 2,802,000 | 0,000,000 | 00,000 | 00,000 | 0,000,000 | 00,000 |
| Scope 3 | 57,640,000 | - | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Royal London 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.
