Pension Insurance Sustainability Profile
Pension Insurance Corporation (PIC), headquartered in Great Britain, is a leading player in the pension insurance industry, specialising in the management and de-risking of pension schemes. Founded in 2006, PIC has rapidly established itself as a trusted partner for pension trustees and sponsors, focusing on securing member benefits through innovative insurance solutions. With a strong presence across the UK, PIC offers a range of core services, including buy-ins and buy-outs, which uniquely position the company to mitigate risks associated with pension liabilities. Notable achievements include significant growth in assets under management and a commitment to responsible investment practices. As a market leader, Pension Insurance Corporation continues to set benchmarks in the industry, ensuring financial security for pension members while enhancing the stability of pension schemes.
DitchCarbon Score
How does Pension Insurance'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
Pension Insurance's score of 50 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pension Insurance's reported carbon emissions
In 2023, Pension Insurance Corporation reported total carbon emissions of approximately 7,619,000,000 kg CO2e, with emissions distributed across various scopes: 32,000 kg CO2e from Scope 1, 400,100 kg CO2e from Scope 2 (market-based), and a significant 7,619,000,000 kg CO2e from Scope 3, primarily related to investments. The organization has set ambitious climate commitments, aiming for net zero emissions across all scopes by 2050, with specific targets for Scopes 1 and 2 by 2040. This commitment reflects a long-term strategy to address climate change and reduce their carbon footprint. Pension Insurance Corporation's emissions data is cascaded from its parent company, Pension Insurance Corporation plc, which provides a comprehensive view of their environmental impact. The organization is actively working towards these targets, as outlined in their latest sustainability reports.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 94,300 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 116,500 | 00,000 | 000,000 | 000,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Pension Insurance's Industry?
How Carbon Intensive is Pension Insurance's Location?
Pension Insurance's Scope 3 Categories Breakdown
Pension Insurance's Scope 3 emissions, which increased by 9% last year and increased by approximately 9% since 2022, 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 "Investments" representing nearly all of their reported Scope 3 footprint.
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Pension Insurance'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.
Pension Insurance 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.
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