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 55 is higher than 72% 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 2024, Pension Insurance Corporation (PIC) reported total carbon emissions of approximately 259,100 kg CO2e, with Scope 1 emissions at about 32,200 kg CO2e and Scope 2 emissions at approximately 400,100 kg CO2e (market-based). The previous year, 2023, saw total emissions of about 259,000 kg CO2e, with Scope 1 at approximately 32,000 kg CO2e and Scope 2 at about 400,100 kg CO2e (market-based). Notably, PIC does not currently disclose Scope 3 emissions data. PIC has set ambitious climate commitments, including a target to reduce the average carbon intensity of its investment portfolio by 50% by 2030 from 2019 levels. Additionally, an interim target aims for a 25% reduction in the average carbon intensity of investments in publicly listed corporate credit by 2025. The organisation has also committed to achieving net zero emissions across all scopes by 2050, with specific net zero targets for Scopes 1 and 2 emissions set for 2040. The emissions data reported by PIC is cascaded from its parent company, Pension Insurance Corporation plc, reflecting its commitment to transparency and accountability in climate action.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 94,300 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 116,500 | 00,000 | 000,000 | 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.
Top Scope 3 Categories
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.
