Royal London Sustainability Profile
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 83 is higher than 91% 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 total carbon emissions of approximately 30.9 million kg CO2e, comprising 229,000 kg CO2e from Scope 1, 53,000 kg CO2e from Scope 2, and 30.6 million kg CO2e from Scope 3 emissions. This marks a slight decrease from 2023, where total emissions were approximately 33.3 million kg CO2e, with Scope 1 emissions at 225,000 kg CO2e, Scope 2 at 1,136,000 kg CO2e, and Scope 3 at 31.9 million kg CO2e. Royal London has set ambitious climate commitments, aiming for net zero emissions across its direct operational emissions (Scopes 1 and 2) by 2030. Additionally, the company targets a 50% reduction in emissions from its investment portfolio by 2030, using 2020 as a baseline. They also plan to achieve net zero carbon across indirectly managed property assets by 2040. The organization is committed to reducing Scope 1 emissions by 60% by 2025 and has a long-term goal of achieving net zero across all scopes by 2050. These initiatives reflect Royal London's proactive approach to addressing climate change and reducing its carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,262,000 | 000,000 | 000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 2,802,000 | 0,000,000 | 00,000 | - | 0,000,000 | 00,000 |
| Scope 3 | 57,640,000 | - | 0,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Royal London's Industry?
How Carbon Intensive is Royal London's Location?
Royal London's Scope 3 Categories Breakdown
Royal London's Scope 3 emissions, which decreased by 4% last year and decreased by approximately 47% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 87% of Scope 3 emissions.
Top Scope 3 Categories
Royal London's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Royal London has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
