TfL Pension Fund
The TfL Pension Fund, officially known as the Transport for London Pension Fund, is headquartered in Great Britain and serves the pension needs of employees within the transport sector. Established in 1989, the fund has grown to become a significant player in the UK pension industry, managing substantial assets for its members. Specialising in providing retirement benefits for Transport for London staff, the TfL Pension Fund is recognised for its commitment to sustainable investment practices and responsible stewardship. Its unique approach combines traditional investment strategies with a focus on environmental, social, and governance (ESG) criteria, setting it apart in the competitive pension landscape. With a strong market position, the TfL Pension Fund has achieved notable milestones, including consistent performance and a robust funding status, ensuring financial security for its members.
DitchCarbon Score
How does TfL Pension Fund'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 Business 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
TfL Pension Fund's score of 25 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
TfL Pension Fund's reported carbon emissions
In 2023, the TfL Pension Fund reported total carbon emissions of approximately 3,688,000 kg CO2e, comprising about 366,149,000 kg CO2e from Scope 1 and 2 emissions and approximately 2,722,000,000 kg CO2e from Scope 3 emissions. This marks a significant increase in emissions compared to 2022, where total emissions were about 2,651,000 kg CO2e, with Scope 1 and 2 emissions at approximately 265,977,000 kg CO2e and Scope 3 emissions at about 1,931,000,000 kg CO2e. The TfL Pension Fund has disclosed emissions data for multiple years, with Scope 1 and 2 emissions consistently reported alongside Scope 3 emissions. Notably, in 2018 and 2019, Scope 1 and 2 emissions were each around 170,000 kg CO2e, while Scope 3 emissions were also reported at 170,000 kg CO2e for 2018 and 162,000 kg CO2e for 2019. Despite the detailed emissions reporting, the TfL Pension Fund has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The absence of defined reduction initiatives suggests that while emissions data is being tracked, proactive measures to mitigate these emissions may not yet be in place. Overall, the TfL Pension Fund's emissions data highlights the need for enhanced climate strategies to address the increasing carbon footprint and align with industry standards for sustainability.
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Add to project| 2018 | 2019 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 170,000 | 000,000 | - | - |
| Scope 2 | 170,000 | 000,000 | - | - |
| Scope 3 | 170,000 | 000,000 | 0,000,000,000 | 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.
TfL Pension Fund 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.
