Chesnara Sustainability Profile
Chesnara plc, commonly known as Chesnara, is a prominent life and pensions company headquartered in Great Britain. Established in 2000, the firm has made significant strides in the financial services industry, focusing on the management and administration of life insurance and pension products. With a strong operational presence in the UK and Europe, Chesnara has built a reputation for its commitment to customer service and efficient management of policyholder assets. The company offers a range of core services, including life insurance, annuities, and pension administration, distinguished by its customer-centric approach and innovative solutions. Chesnara's strategic acquisitions and robust financial performance have solidified its market position, making it a trusted name in the life and pensions sector. With a focus on sustainable growth, Chesnara continues to adapt to the evolving needs of its clients while maintaining a strong commitment to regulatory compliance and operational excellence.
DitchCarbon Score
How does Chesnara'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
Chesnara's score of 41 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chesnara's reported carbon emissions
In 2023, Chesnara reported total carbon emissions of approximately 2,129,000 kg CO2e, with Scope 1 emissions at about 2,871,000 kg CO2e, Scope 2 emissions at approximately 533,000 kg CO2e, and Scope 3 emissions reaching about 4,346,000 kg CO2e. The company has disclosed emissions data across all three scopes, indicating a comprehensive approach to carbon accounting. Chesnara's emissions from Scope 1 primarily stem from stationary combustion, contributing about 65,000 kg CO2e. Scope 2 emissions are largely attributed to purchased electricity, amounting to approximately 72,000 kg CO2e. The significant Scope 3 emissions include purchased goods and services, which account for about 6,164,000 kg CO2e, alongside other categories such as business travel and employee commute. Despite the substantial emissions figures, Chesnara has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The company’s climate strategy appears to be in its early stages, focusing on transparency in emissions reporting without established reduction goals. Chesnara's emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely reflective of its own operations. The company continues to engage in climate-related financial disclosures, aiming to enhance its sustainability practices in the future.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000 | 0,000,000 |
| Scope 2 | 147,200 | 000,000 | 00,000 | 000,000,000 |
| Scope 3 | 755,800 | 000,000 | 0,000,000 | 0,000,000,000 |
How Carbon Intensive is Chesnara's Industry?
How Carbon Intensive is Chesnara's Location?
Chesnara's Scope 3 Categories Breakdown
Chesnara's Scope 3 emissions, which increased significantly last year and increased significantly since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with detailed category breakdown helping identify key emission sources across their value chain.
Top Scope 3 Categories
Chesnara'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.
Chesnara 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.
