Royal Mail Pension Plan
The Royal Mail Pension Plan, a key component of the Royal Mail Group, is headquartered in Great Britain and serves a diverse range of operational regions across the UK. Established alongside the Royal Mail in 1516, this pension scheme has evolved significantly, adapting to the changing landscape of the postal and logistics industry. As a defined benefit pension scheme, the Royal Mail Pension Plan offers unique retirement solutions tailored for its members, ensuring financial security in retirement. The plan is notable for its robust governance and commitment to sustainability, reflecting the Royal Mail's broader corporate values. With a strong market position, the Royal Mail Pension Plan continues to be a trusted choice for postal workers, contributing to the overall stability and reputation of the Royal Mail Group.
DitchCarbon Score
How does Royal Mail Pension Plan'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 Insurance Services 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 Mail Pension Plan's score of 26 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Royal Mail Pension Plan's reported carbon emissions
In 2022, the Royal Mail Pension Plan reported significant carbon emissions, totalling approximately 4,590,000,000 kg CO2e from Scope 3 emissions, alongside 3,910,000,000 kg CO2e from Scope 1 and 679,000,000 kg CO2e from Scope 2. This data highlights the substantial impact of their operations on the environment, particularly in Scope 3, which encompasses emissions from purchased goods and services. The 2021 emissions data indicates a total of about 4,590,000,000 kg CO2e in Scope 3 emissions, with Scope 1 emissions at approximately 78,000,000 kg CO2e and Scope 2 emissions at around 64,000,000 kg CO2e. Despite these figures, the Royal Mail Pension Plan has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. Their commitment to addressing climate change remains vague, with no formal climate pledges or science-based targets reported. As the Royal Mail Pension Plan continues to navigate its climate commitments, the focus on transparency and accountability in emissions reporting will be crucial for aligning with industry standards and expectations.
Unlock detailed emissions data
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Add to project| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 78,000,000 | 0,000,000,000 |
| Scope 2 | 64,000,000 | 000,000,000 |
| Scope 3 | 4,590,000,000 | 0,000,000,000 |
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 Mail Pension Plan 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.
