Phoenix Group Holdings PLC 2020 AR2
The report highlights Phoenix Group's performance as the UK's largest long-term savings and retirement business in 2020. During the year, the company completed the acquisition of ReAssure Group plc, adding £7 billion of incremental long-term cash generation and expanding its customer base to approximately 14 million. Phoenix Group committed to achieving net-zero carbon operations by 2025 and a net-zero investment portfolio by 2050, establishing a new Board Sustainability Committee to oversee these goals. Financially, the company delivered £1.7 billion in cash generation and maintained a resilient Solvency II surplus of £5.3 billion.
Company: Phoenix Group Holdings PLC
Sector: Finance & insurance
Country: United Kingdom
Year: 2020
Type: AR2
Pages: 322
Back to company
Phoenix Group Holdings PLC
Annual Report And Accounts
The report highlights Phoenix Group's performance as the UK's largest long-term savings and retirement business in 2020. During the year, the company completed the acquisition of ReAssure Group plc, adding £7 billion of incremental long-term cash generation and expanding its customer base to approximately 14 million. Phoenix Group committed to achieving net-zero carbon operations by 2025 and a net-zero investment portfolio by 2050, establishing a new Board Sustainability Committee to oversee these goals. Financially, the company delivered £1.7 billion in cash generation and maintained a resilient Solvency II surplus of £5.3 billion.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Mar 7, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Net Zero Target
Employees