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 23 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Royal London's reported carbon emissions
In 2022, Royal London reported total carbon emissions of approximately 63,194,000 kg CO2e. This figure includes emissions from all three scopes: Scope 1 emissions were about 3,321,000 kg CO2e, Scope 2 emissions totalled approximately 5,556,000 kg CO2e, and Scope 3 emissions reached around 133,912,000 kg CO2e. The company has shown a significant reduction in emissions over the years. For instance, in 2021, their total emissions were approximately 7,779,000 kg CO2e for Scope 1 and 2 combined, and in 2020, they reported about 1,814,000 kg CO2e. This indicates a commitment to reducing their carbon footprint, although specific reduction targets or initiatives have not been disclosed. Royal London’s emissions profile highlights the importance of addressing Scope 3 emissions, which constitute the majority of their carbon footprint. The absence of documented reduction targets suggests that while the company is aware of its emissions, it may need to establish clearer commitments to enhance its climate strategy. Overall, Royal London is actively monitoring its emissions, but further transparency regarding specific climate commitments would strengthen its sustainability narrative.
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Add to project| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 3,979,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 1,802,000 | 0,000,000 | 00,000 | 00,000 |
| Scope 3 | 54,996,000 | 000,000 | 0,000,000 | 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.
Royal London is committed to some reduction initiatives 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.
