PensionBee Group plc
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:8.4 tonnes CO2e (location-based); 0.0 tonnes CO2e (market-based)
Scope 1 Emissions:0.0 tonnes CO2e
Scope 2 Emissions:8.4 tonnes CO2e (location-based); 0.0 tonnes CO2e (market-based)
Renewable Energy Share:100% renewable REGO sustainable green electricity in new office
Total Energy Consumption:39,361 kWh
Carbon Intensity:0.003 tCO2e per £m revenue (location-based); 0.0 tCO2e per £m revenue (market-based)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Minimized environmental impact through remote working policy and as a paperless provider
- Integrated ESG into investment range, closing two plans that could not be screened under ESG policy
- Created and introduced the UK’s first mainstream fossil fuel-free pension plan
Social Achievements
- Maintained 50% female representation on the Board and Executive Management Team and achieved gender parity across all levels of the business
- Published Diversity, Inclusion and Equality Policy with public commitments
- Accredited Living Wage Employer
- Published Gender Pensions Gap report
Governance Achievements
- Voluntary compliance with the UK Corporate Governance Code
- Disclosed under SASB, WDI, and SECR frameworks for the first time
- Offered customers the opportunity to participate in the IPO
Climate Goals & Targets
Medium-term Goals:
- Achieve profitability by the end of 2023
Environmental Challenges
- Regulatory changes
- Information security breaches
- Operational risks from third-party providers
- Market fluctuations
- Credit risk from third-party financial services providers
- Reputational risks
- Competition in the pensions market
- Loss of key employees
Mitigation Strategies
- Robust risk management framework
- ISO 27001 certification
- Automation program
- Recurring revenue from long-duration assets
- Contracting with reputable asset managers and banks
- Strong culture of fair treatment of customers
- Embedded processes to gather customer feedback
- Succession planning
Supply Chain Management
Responsible Procurement
- Due diligence and suitability assessment
- Supplier Management Policy
- Responsible Supplier Policy and Code of Conduct
- Information Security Policy
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB, Workforce Disclosure Initiative (WDI), Streamlined Energy and Carbon Reporting (SECR)
Certifications: ISO 27001
Third-party Assurance: Deloitte LLP
Sustainable Products & Innovation
- Fossil Fuel Free Plan
Awards & Recognition
- Financial Times & Investors Chronicle Celebration of Investment Awards - ‘ESG Champion - Innovation’
- FTAdviser Diversity in Finance Awards - ‘Employer of the Year’
- Highly Commended: FTAdviser Diversity in Finance Awards - ‘Trailblazing Company of the Year’