Phoenix Group
Phoenix Group, headquartered in the United States, is a leading player in the financial services industry, specialising in insurance and asset management. Founded in 2001, the company has established a strong presence across North America and Europe, focusing on providing innovative solutions tailored to meet the diverse needs of its clients.
With a commitment to excellence, Phoenix Group offers a range of core products, including life insurance, annuities, and investment management services. What sets them apart is their customer-centric approach and robust risk management strategies, ensuring clients receive tailored financial solutions.
Recognised for its market position, Phoenix Group has achieved significant milestones, including strategic acquisitions that have expanded its service offerings and enhanced its competitive edge. As a trusted name in the industry, Phoenix Group continues to drive growth and innovation in the financial landscape.
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Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Phoenix Group's reported carbon emissions
In 2024, Phoenix Group reported total carbon emissions of approximately 25.0 billion kg CO2e, comprising Scope 1 emissions of about 66.9 million kg CO2e, Scope 2 emissions of approximately 49.2 million kg CO2e, and Scope 3 emissions of about 25.0 billion kg CO2e. This data reflects a comprehensive assessment of their greenhouse gas emissions across all scopes. The company has set ambitious climate commitments, aiming for a 42% reduction in carbon emissions from its operations by 2030, compared to the baseline year of 2021/22. This target applies to both Scope 1 and Scope 2 emissions. Furthermore, Phoenix Group plans to achieve carbon neutrality by 2030 by offsetting remaining emissions through the purchase of carbon credits. Phoenix Group's emissions data is cascaded from its parent organization, Concentrix Corporation, indicating a merged entity relationship. This integration allows for a more robust approach to sustainability and climate action, aligning with industry standards and best practices.
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Phoenix Group’s Climate Goals (2030 & 2050)
2 goals2030
42% reduction in Scope 2
At the beginning of 2023, the PHOENIX group set a binding target for the important issue of climate change: we committed ourselves to reduci…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Inherited from Concentrix Corporation
Carbon Disclosure Project
Inherited from Concentrix Corporation
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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