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Standard Life is part of Phoenix Group, and the Phoenix Group Sustainability Report sets out our key commitments for a sustainable future. Fostering responsible investment is an important part of our overall approach.
Our sustainability strategy is aligned to our purpose of helping people secure a life of possibilities. We believe that we have a significant opportunity to help to support a more sustainable future. Our strategy addresses the issues impacting our industry, such as the growing pension savings gap and climate change.
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Investing in our customers' future
Our customers and shareholders trust us to reflect their financial priorities in how we invest, alongside other factors that are important to them. That means considering environmental, social and governance (ESG) risks and opportunities when we invest their money, while using our influence to support a sustainable future.
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Engage people in better financial futures
We are committed to meeting our customers' needs through innovative product offerings and fund solutions, and engaging them in their financial futures by providing the right education, tools and guidance that promote financial wellness and inclusion for all.
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Lead as a responsible business
We are committed to embedding sustainability across our business, and working with our stakeholders to help support real world change.
Our climate change commitments
As part of Phoenix Group, we’re looking to take action to invest in the future we all want. We’ve set clear targets to aim to help address climate change and to support a wider, more positive impact on our sector and economy.
By 2025
A reduction of 25% in the carbon emission intensity of our investments. *
And a net zero target for our business operations by 2025.
By 2030
A reduction of at least 50% in the carbon emission intensity of our investments**
By 2050
Net zero carbon in our investment portfolio **
Net Zero Transition Plan
Along with the pensions industry, we’re on a journey to becoming a net zero business. The Phoenix Group is targeting 2050. Our first priority is to support a better financial future for our customers, but we want to support wider, impactful change at the same time.
To do this, we’re taking actions we think can help to tackle the climate crisis and manage financial risk for our customers. We’re thinking carefully about where we invest in carbon-emitting sectors and engaging with those contributing the most to the climate crisis to encourage real change.
Find out more about our Net Zero Transition Plan. It’s important to note that Standard Life is part of Phoenix Group, so the data shown is for all the Phoenix Group brands combined.
* 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.