XPS becomes carbon neutral across entire value chain

24 November 2021

Pledge sees purchase of high-quality carbon offsets to cover Scope 1, 2 and 3 emissions

Move supported by broader effort to reduce emissions and limit business’s environmental impact

XPS Pensions Group has become net carbon neutral by offsetting carbon emissions across its entire value chain, as part of its journey to limit the business’s environmental impact while helping clients and stakeholders also move towards a more sustainable future.

The Group’s Scope 1, 2 and 3 carbon emissions will be offset by the purchase of high-quality, UN-approved renewable energy* with immediate effect. The move marks a significant step in XPS Pensions Group’s drive to become a more sustainable business, which will see it undertake continued efforts to significantly reduce emissions in the coming years.

XPS is also using its advisory position, with assets under advice totalling £140 billion, to encourage clients to reduce the environmental impact of their own activities and investments. As signatories of the UN Principles of Responsible Investment and the FRC’s UK Stewardship Code, the Group actively influences and partakes in industry-wide initiatives to help tackle climate change.

Source: XPS Pensions Group