Annual Report and Accounts

The report records that Phoenix generated £817 million of operating-company cash in 2013, above its £650 million to £750 million target, and transferred approximately £5 billion of annuity liabilities and assets to Guardian. It reports a total carbon footprint of 14,965 tonnes of CO2e and describes measures including reduced paper use and no waste to landfill at two sites. Community fundraising raised approximately £200,000 for local charities, while the Group employee engagement score was 72%.