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 38 is higher than 84% 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 2023, Royal London reported total carbon emissions of approximately 43,062,000 kg CO2e. This figure includes 3,744,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 6,178,000 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 43,062,000 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions that occur in the value chain, including purchased goods and services, business travel, and employee commuting. Over the years, Royal London has shown fluctuations in their emissions, with a notable increase in Scope 3 emissions from 28,900 kg CO2e in 2020 to 43,062,000 kg CO2e in 2023. Despite these increases, there are currently no publicly disclosed reduction targets or initiatives aimed at decreasing their carbon footprint, nor have they committed to any specific climate pledges or science-based targets. Royal London operates within the financial services sector, which is increasingly under pressure to address climate change and reduce carbon emissions. As such, the company may need to consider implementing strategies to align with industry standards and expectations for sustainability and climate responsibility.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,228,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,802,000 | 0,000,000 | 00,000 | 000,000 | 000,000 |
| Scope 3 | 59,788,000 | 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 committed to any 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.
