Phoenix Financial Ltd
Phoenix Financial's GHG Emissions Data Preview
In 2024, Phoenix Financial completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Phoenix Financial has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Phoenix Financial’s Greenhouse Gas (GHG) Emissions Data
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Insights into Phoenix Financial's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Phoenix Financial amounted to 8,755 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Phoenix Financial decreased by 2.01%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Phoenix Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Phoenix Financial's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Phoenix Financial were 3,783 metric tons of CO₂ equivalent (tCO₂e). a
Has Phoenix Financial reduced its Scope 1 emissions over time?
Since 2019, Phoenix Financial's Scope 1 emissions have decreased by 15.41%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Phoenix Financial's Scope 1 emissions decreased by 6.2%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Phoenix Financial's Scope 2 emissions?
In 2024, Phoenix Financial reported Scope 2 greenhouse gas (GHG) emissions of 4,972 tCO₂e without specifying the calculation method. a
Has Phoenix Financial reduced its Scope 2 emissions over time?
Since 2019, Phoenix Financial's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have remained relatively stable, indicating that Phoenix Financial 's emissions have plateaued with no significant change in its energy consumption footprint. a
Compared to the previous year (2023), Phoenix Financial's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Phoenix Financial 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Phoenix Financial use for Scope 2 reporting?
In 2024, Phoenix Financial reported its Scope 2 emissions using an unspecified methodology. a
Phoenix Financial's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Phoenix Financial's Value Chain Emissions
In 2024, Phoenix Financial reported 226 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Phoenix Financial includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, down from 3 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a
Phoenix Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Phoenix Financial's Scope 3 emissions?
In 2024, Phoenix Financial reported total Scope 3 emissions of 226 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Phoenix Financial reduced its Scope 3 emissions over time?
Since 2019, Phoenix Financial's Scope 3 emissions have increased by 24.86%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2023), Phoenix Financial's Scope 3 emissions decreased by 100%, highlighting the company's efforts to lower indirect emissions from its value chain. a
What categories of Scope 3 emissions does Phoenix Financial disclose?
In 2024, Phoenix Financial reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Phoenix Financial's Scope 3 emissions?
In 2024, the largest contributors to Phoenix Financial's Scope 3 emissions were: a
- Business Travel (Cat. 6): 134 tCO₂e (59.29%)
- Waste Generated in Operations (Cat. 5): 92 tCO₂e (40.71%)
Phoenix Financial's Scope 3 Emissions by Categories
Insights into Phoenix Financial’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Phoenix Financial reported Scope 1 greenhouse gas (GHG) emissions of 3,783 tCO₂e and total revenues of USD 8,260 millions. This translates into an emissions intensity of 0.46 tCO₂e per millions USD. a
Phoenix Financial's Scope 1 Emissions Intensity Compared to Peers
How does Phoenix Financial's GHG emissions intensity compare to its peers?
In 2024, Phoenix Financial reported a Scope 1 emissions intensity of 0.46 tCO₂e per millions USD. Compared to the peer group median of 0.51 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Phoenix Financial rank on GHG emissions intensity within its industry?
In 2024, Phoenix Financial ranked 12 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Phoenix Financial is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Phoenix Financial's Total Carbon Footprint
In 2024, Phoenix Financial reported a total carbon footprint of 8,981 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.93% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Phoenix Financial's total carbon footprint was Scope 2 emissions, accounting for 55.36% of the company's total carbon footprint, followed by Scope 1 emissions at 42.12%. a