Pension Insurance
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 35 is higher than 57% 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 (PIC) reported total carbon emissions of approximately 259,000 kg CO2e, comprising 32,000 kg CO2e from Scope 1 and 227,000 kg CO2e from Scope 2 emissions. This data reflects a commitment to transparency and accountability in their climate impact, with emissions data inherited from their parent company, Pension Insurance Corporation plc. In 2022, PIC's emissions were approximately 284,000 kg CO2e, with Scope 1 emissions at 36,000 kg CO2e and Scope 2 emissions at 248,000 kg CO2e. This indicates a slight reduction in total emissions from the previous year, where 2021 emissions were reported at 176,700 kg CO2e. PIC has set ambitious climate commitments, including a target to achieve net zero emissions across all scopes by 2050. Additionally, they aim to reduce the average carbon intensity of their investment portfolio by 50% by 2030 from 2019 levels, and have an interim target of a 25% reduction in the average carbon intensity of investments in publicly listed corporate credit by 2025. These initiatives demonstrate PIC's proactive approach to addressing climate change and their commitment to sustainable investment practices, aligning with industry standards and expectations.
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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 | - | - | - | - |
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.
Pension Insurance is not participating in any of the initiatives that 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.
