Just Group has achieved it first net-zero emissions target covering Scope 1 direct emissions/Scope 2 market-based emissions and has met its green and social investment targets.
Scope 1 and 2 emissions saw an absolute reduction of 92% (663 tCO2e) against the 2019 baseline year.
On its investment strategy, Just exceeded its commitment to invest £825m in green and social assets from the start of 2023 to the end of 2025 delivering £893m of investment aligned with its Sustainability Bond Framework. Eligible assets include renewable energy, green buildings, clean transportation, affordable housing and access to essential services.
Just’s investments are divided between a credit portfolio, which accounts for up to 90% of the organisation’s emissions, and lifetime mortgages. In 2023, Just set an ambitious target to reduce emissions intensity within the credit portfolio (scope 1, 2 and 3) by 50% by the end of 2026 and by the end of 2025 exceeded this by achieving a 57% reduction.
Paul Fulcher, group capital management & investment executive at retirement specialist Just Group, commented: “We are tremendously proud to have achieved these important milestones on our sustainability journey.
“By combining disciplined, long term asset management with a commitment to directing capital into productive UK opportunities, we ensure that the money we invest works on two fronts: protecting customers’ financial futures and strengthening the UK’s economic resilience.
“We help people achieve a better later life, that’s our purpose and why we exist. Our positive investment approach helps us to fulfil this purpose for our customers, and to improve the communities they and other citizens rely upon.”
