Phoenix Group

Phoenix Group reported Scope 1 emissions of 1,533,000 kg CO2e and Scope 3 emissions of 47,116,000 kg CO2e in 2025. Scope 2 emissions were 0 kg CO2e for the same year. This results in a total of approximately 48.6 million kg CO2e for 2025.

Looking back, the company's Scope 1 emissions have shown a downward trend, from 4,913,000 kg CO2e in 2019 to 1,533,000 kg CO2e in 2025. Similarly, Scope 3 emissions related to business travel decreased from 2,684,000 kg CO2e in 2019 to 1,149,000 kg CO2e in 2025, although total Scope 3 varied significantly across years due to the inclusion of investments data in some years. For example, in 2022, Scope 3 emissions were approximately 70 million kg CO2e, including business travel of 2,727,000 kg CO2e.

Phoenix Group has committed to reducing carbon emissions from its own operations (Scope 1 and Scope 2) by 42 per cent by 2030, compared to the 2021/22 baseline. The company also aims to achieve carbon neutrality from 2030 onwards by purchasing credits for any remaining emissions. This commitment covers both Scope 1 and Scope 2 emissions.