– Reduce scope 1 and 2 operations emissions by 90% by 2030 from a 2019 baseline. – 8% reduction in operational carbon emissions year on year to 2030 – Switch car fleet to 100% electric vehicles Group-wide by 2025 via EV100 Purchasing 100% electricity from renewable sources Group-wide by 2025 via RE100 – Further investment of £10bn of assets from its auto enrolment default funds and other policyholder funds into low carbon strategies by 2022, £6bn in green assets by 2025 (including £1.5bn of policyholder monies into climate transition funds), £2.5bn in low carbon and renewable energy infrastructure and deliver £1bn of carbon transition loans by 2025 – By the end of 2022 it will divest from all companies which make more than 5% of their revenue from coal unless they have signed up to the Science Based Targets initiative. – Starting from 2025, we’ll perform a full calculation of our emissions baseline for our claims management and set absolute reduction targets to ensure we reach Net Zero by 2030.
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