The Co-operative Pension Scheme, often referred to as Co-op Pensions, is a prominent player in the UK pension industry, headquartered in Great Britain. Established in 2010, the scheme has evolved to serve a diverse membership base, primarily within the Co-operative Group and its associated businesses across the UK. Specialising in providing defined benefit and defined contribution pension plans, Co-op Pensions is recognised for its commitment to ethical investment practices and member engagement. The scheme's unique approach to sustainability and social responsibility sets it apart in a competitive market. With a strong focus on delivering secure retirement solutions, The Co-operative Pension Scheme has achieved notable milestones, including significant growth in assets under management. Its dedication to transparency and member support has solidified its position as a trusted choice for pension provision in the UK.
How does The Co-operative Pension Scheme'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.
Mean score of companies in the Other 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.
The Co-operative Pension Scheme's score of 13 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, The Co-operative Pension Scheme reported total carbon emissions of approximately 30042000 kg CO2e from Scope 1, 4033000 kg CO2e from Scope 2, and a significant 277814000 kg CO2e from Scope 3 emissions. This brings their total emissions from Scope 1 and 2 combined to about 34075000 kg CO2e. In 2022, the emissions were recorded at approximately 9238000 kg CO2e for Scope 1, 16155000 kg CO2e for Scope 2, and 107933000 kg CO2e for Scope 3, resulting in a total of about 25393000 kg CO2e for Scope 1 and 2 combined. Despite these figures, there are currently no specific reduction targets or climate pledges outlined by The Co-operative Pension Scheme. The absence of documented reduction initiatives suggests a need for further commitment to climate action within the industry context.
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Add to project2022 | 2023 | |
---|---|---|
Scope 1 | 9,238,000 | 00,000,000 |
Scope 2 | 16,155,000 | 0,000,000 |
Scope 3 | 107,933,000 | 000,000,000 |
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.
The Co-operative Pension Scheme 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.