- Slight increase in Scope 1 emissions due to changing carbon intensity of natural gas.
- Slight increase in Scope 3 emissions from business travel and employee commutes.
- Maintaining a sustainable supply chain.
XPS Pensions Group plc
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, XPS Pensions Group plc disclosed greenhouse gas emissions of 1.5K tCO2e. By scope: Scope 1: 161 tCO2e; Scope 2: 193 tCO2e (location based), 110 tCO2e (adjusted for renewable energy); Scope 3: 1.2K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.5K tCO2e
2024
Renewable Energy
60%
of total energy
Energy Use
1.8M kWh
2024
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 161 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 193 tCO2e (location based), 110 tCO2e (adjusted for renewable energy) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.2K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved a fourth successive year of combined Scope 1 and 2 carbon reductions.
- 60% of electricity consumption across the estate was generated from renewable sources.
- Carbon neutrality achieved for the first time across the entire value chain for the FY 2020–FY 2021 period.
- Externally certified to ISO 14001 in seven of the Group’s offices.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Gain additional ISO 14001 certifications across our property portfolio.
📅 Medium-term
- Achieve 100% renewable electricity by 2030
- Reduce direct emissions by 60% and indirect emissions in supply chain by 40% by 2035
🔭 Long-term
- Achieve net zero by 2050
- Achieve complete phase-out of natural gas in all properties by 2040
🌱 ESG Focus Areas
GovernanceClientsEnvironmentPeopleCommunitiesSupply Chain