As of 2025, Phoenix Financial has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Phoenix Financial's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -15%a | 2027 |
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As of 2025, Phoenix Financial has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.a
As of 2025, Phoenix Financial has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Phoenix Financial's most ambitious operational target is to reduce these emissions by 15% by 2027, compared to a baseline of 10,176 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.a
Instead of reducing operational emissions, Phoenix Financial has increased them, with 2025 levels exceeding those of the 2019 baseline, placing the company well behind its reduction target.a