Phoenix Group Holdings PLC
Phoenix Group Holdings's GHG Emissions Data Preview
In 2024, Phoenix Group Holdings 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 Group Holdings has also provided a category-level breakdown for 5 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.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | 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.  b | 0000000 |
Location-Based | 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.  b | 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.  b | 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.  | 0000000 |
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Verified Sources Behind Phoenix Group Holdings’s Greenhouse Gas (GHG) Emissions Data
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Insights into Phoenix Group Holdings's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Phoenix Group Holdings amounted to 4,568 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 Group Holdings decreased by 27.37%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Phoenix Group Holdings's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Phoenix Group Holdings's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Phoenix Group Holdings were 2,111 metric tons of CO₂ equivalent (tCO₂e). a
Has Phoenix Group Holdings reduced its Scope 1 emissions over time?
Since 2022, Phoenix Group Holdings's Scope 1 emissions have decreased by 21.35%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Phoenix Group Holdings's Scope 1 emissions decreased by 13.23%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Phoenix Group Holdings's Scope 2 emissions?
In 2024, Phoenix Group Holdings reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 2,457 tCO₂e using the location-based method. a
Has Phoenix Group Holdings reduced its Scope 2 emissions over time?
Since 2022, Phoenix Group Holdings's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 44.62%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2023), Phoenix Group Holdings's Scope 2 emissions (Location-Based) fell by 36.28% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does Phoenix Group Holdings use for Scope 2 reporting?
In 2024, Phoenix Group Holdings reported its Scope 2 emissions using the market-based method and using the location-based method. a
Phoenix Group Holdings's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Phoenix Group Holdings's Value Chain Emissions
In 2024, Phoenix Group Holdings reported 8,900 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 Group Holdings includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Phoenix Group Holdings's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Phoenix Group Holdings's Scope 3 emissions?
In 2024, Phoenix Group Holdings reported total Scope 3 emissions of 8,900 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 90.54% of these emissions originated from upstream activities such as purchased goods and capital goods, while 9.46% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Phoenix Group Holdings reduced its Scope 3 emissions over time?
Since 2022, Phoenix Group Holdings's Scope 3 emissions have remained relatively stable, indicating that Phoenix Group Holdings 's emissions have plateaued with no significant change in its value chain footprint. a b
Compared to the previous year (2023), Phoenix Group Holdings's Scope 3 emissions remained relatively stable, indicating that Phoenix Group Holdings 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Phoenix Group Holdings disclose?
In 2024, Phoenix Group Holdings reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Phoenix Group Holdings's Scope 3 emissions?
In 2024, the largest contributors to Phoenix Group Holdings's Scope 3 emissions were: a
- Employee Commuting (Cat. 7): 4,507 tCO₂e (50.64%)
- Business Travel (Cat. 6): 2,310 tCO₂e (25.96%)
- Upstream Leased Assets (Cat. 8): 951 tCO₂e (10.69%)
Phoenix Group Holdings's Scope 3 Emissions by Categories
Insights into Phoenix Group Holdings's Total Carbon Footprint
In 2024, Phoenix Group Holdings reported a total carbon footprint of 13,468 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.09% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Phoenix Group Holdings's total carbon footprint was Scope 3 emissions, accounting for 66.08% of the company's total carbon footprint, followed by Scope 2 emissions at 18.24%. a