As part of Phoenix Group, the UK's largest long-term savings and retirement business, we have a vital role to play in addressing the biggest challenges of our time. That's why we're putting sustainability at the heart of everything we do.
Overall people are living longer and need to fund their life after work. This means:
- understanding the inclusive and diverse needs of society
- helping our customers build the savings and pensions they’ll need in the future
- considering sustainability in every decision we make
- investing in the future we all want and contributing to a world that we can all enjoy.
Climate change, human rights and biodiversity are just some of the huge sustainability issues that will continue to affect how we live, work and the choices we make.
They’re also important considerations when it comes to growing your money. In fact, environmental, social and governance (ESG) issues are important whether you’re purely interested in growing your pension pot, want to avoid doing harm, or plan to support specific environmental and social solutions.
At Standard Life, we thoroughly consider the financial risks and opportunities that come with sustainability issues – what investment managers call ESG factors – in all our investments. And we're offering customers more ways to invest in line with their values.
Our climate change commitments
Climate change is one of the biggest issues facing the world today.
As part of Phoenix Group, we’re taking action to invest in the future we all want. We've set clear targets to help fight climate change, and to drive a wider more positive impact on our sector and economy.
A reduction of 25% in the carbon emission intensity of our investments. *
And a net zero target for our business operations by 2025.
A reduction of at least 50% in the carbon emission intensity of our investments**
Net zero carbon in our investment portfolio **
* This will cover all listed equity and credit assets where Phoenix Group can exercise control and influence.
** This will target all assets at a Group level where Phoenix Group can exercise control and influence.