Phoenix Group set near term carbon targets for £250bn of investments and call on industry to take serious carbon action

Phoenix Group, the UK’s largest long-term savings and retirement business, today announces they have set both 2025 and 2030 carbon intensity reduction targets for their investment portfolio. These interim targets are part of Phoenix Group’s pathway to achieving net zero carbon for investments by 2050 in line with their science-based targets commitments, and are a key element of their overall approach to Responsible Investment. The new targets will reduce carbon emission intensity by at least 50% by 2030 and will apply to the £250bn of investments where Phoenix Group have…

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