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Making workplace pensions work

Environmental data

A summary of how The Pensions Regulator is performing against its net zero targets for 2030 and 2050.

Our targets are measured in tCO2e, which is tonnes of carbon dioxide equivalent. CO2e is a standard way of measuring all greenhouse gases by converting amounts of other gases to the equivalent amount of carbon dioxide based on their global warming potential.

2030 net zero target

Table 1: 2030 – Scope 1

Scope 1 (tCO2e) 2017 to 2018 (baseline) 2022 to 2023 2023 to 2024 2024 to 2025
Gas 29 101.63 31.50 8.99
Fugitive emissions 1.86 1.86 10.41 8.66

Table 2: 2030 – Scope 2

Scope 2 (tCO2e) 2017 to 2018 (baseline) 2022 to 2023 2023 to 2024 2024 to 2025
Electricity 336.37 144.62 52.92 27.63

Table 3: 2030 – Scope 3

Scope 3 (tCO2e) 2017 to 2018 (baseline) 2022 to 2023 2023 to 2024 2024 to 2025
Business travel 71.38 35.12 43.55 42.85
Waste 29.76 0.64 0.37 0.21
Water 2.85 0.28 0.13 0.07
Fuel and energy related activities 94.48 63.47 22.52 10.58

Table 4: 2030 – Net zero total

Total 2017 to 2018 (baseline) 2022 to 2023 2023 to 2024 2024 to 2025
Total tCO2e 565.70 347.61 161.40 98.98

2050 net zero target

Table 5: 2050 – Scope 3

Scope 3 (tCO2e) 2022 to 2023 (baseline) 2023 to 2024 2024 to 2025
Procured goods and services 3,026.90 3,940.59 2,906.18
Capital goods 214.81 258.75 176.33
Commuting 283.66 240.37 244.14
Working from home 306.44 233.66 238.45
Leased assets 11.80 6.92 21.21

Table 6: 2050 – Net zero total

Total 2022 to 2023 (baseline) 2023 to 2024 2024 to 2025
Total tCO2e 3,843.61 4,680.29 3,586.31