Public Profile

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.

49

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.

6

Industry Benchmark

Pension Insurance's score of 49 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.

93%

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Pension Insurance's reported carbon emissions

In 2024, Pension Insurance 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). This represents a slight increase from 2023, where total emissions were about 256,300 kg CO2e, with Scope 1 at approximately 30,900 kg CO2e and Scope 2 at about 414,600 kg CO2e (market-based). Pension Insurance has set ambitious climate commitments, aiming for a 50% reduction in the average carbon intensity of its investment portfolio by 2030, based on 2019 levels. Additionally, they have an interim target to decrease the average carbon intensity of investments in publicly listed corporate credit by 25% from 2019 levels by 2025. The company has also committed to achieving net zero emissions across all scopes by 2050, with specific targets for Scopes 1 and 2 emissions set for 2040. These initiatives reflect Pension Insurance's dedication to addressing climate change and reducing its carbon footprint, aligning with industry standards for sustainability and environmental responsibility.

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20202021202220232024
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
-
-
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Pension Insurance's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Pension Insurance is in GB, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers