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Environmental, Social and Corporate Governance

Environmental

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Net zero commitment

PensionBee is committed to achieving a long-term reduction in greenhouse gas (GHG) emissions across global operations and investments, in line with the Paris Agreement.

To achieve this we’ll reduce:

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Scope 1 and 2 GHG emissions by 90% by 2050, from a 2022 baseline.

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Scope 3 (category 15 GHG protocol) by 90% by 2050, from a 2019 baseline.

We’re committed to reviewing our target ambition and metrics regularly. This is to ensure that we remain aligned with the best understanding of the science required to achieve 1.5C limited warming by 2100. We publish our progress against public targets and other climate-related disclosures in our Annual Report

We offer fully remote working to employees and we only use cloud-hosted web services, removing the need for servers. Our website uses global cloud hosting suppliers that have publicly committed to sustainability in their energy use.

Social

Our workplace and team

We have a well-established history of fostering inclusion and equality in the workplace. This aligns with our vision of living in a world where everyone can enjoy a happy retirement.

We aim to be a company and workplace where everyone can thrive, by providing: 

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A tailored and rewarding career 

We create plentiful opportunities for personal growth and development, make supportive adjustments to overcome barriers to thriving, and provide a rewarding, inclusive compensation and benefits package.

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Fair and equitable access to opportunities

We believe in the importance of clear and consistently applied policies to ensure opportunities to have a rewarding career are given free from bias and derived from skills-based evidence. We provide clear and consistent pay, performance and hiring policies, and work opportunities such as apprenticeships.

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A safe, respectful and enjoyable working environment 

Everyone thrives when our working environment aligns with our values. We achieve this through training and events to build awareness, understanding and connection, and consistently upholding our culture both for new and existing colleagues.

A positive impact on the wider community 

In order to achieve our vision of a world where everyone can enjoy a happy retirement, we need to listen to and engage with the wider communities in which we operate. We strive to play our part in influencing positive change based on their needs by listening to and amplifying community voices and volunteering and other outreach work.

Governance

Company governance

PensionBee has been listed on the Main Market of the London Stock Exchange since 2021. As a business we uphold the highest standards of governance and fully comply with the UK Corporate Governance Code. Further information can be found below in our Corporate Governance Documents

We maintain a growing public policy set, outlining our approach to a range of governance topics, such as:

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business ethics;

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supplier conduct;

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corruption; and

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building a responsible product.

We’re fully transparent in our approach to workforce policies such as:

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parental leave;

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flexible working arrangements;

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workplace inclusion; and

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health and safety, all of which can be found below in our Policies.

PensionBee awards equity as part of our compensation package. We do this to encourage ownership of behaviour, long-term thinking, and to recognise the vital contribution every individual makes towards achieving our mission and vision. We have one class of shares. 

Board governance

Our board brings together immense experience from the pensions industry and beyond to promote the long-term sustainable success of the company. The board generates value for shareholders and contributes to wider society by providing oversight on:

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overall leadership;

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setting the company’s purpose;

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values and strategy; and 

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supporting the Executive Management Team in the delivery of the company’s strategy.

The board has delegated a number of its responsibilities to the Audit and Risk Committee, the Investment Committee, the Nomination Committee and the Remuneration Committee. Our board aims to meet up to 20 times a year. 

Key governance documentation relating to the board and committees can be found below in the Corporate Governance Documents.

ESG benchmarking

We participate in and have received recognition across numerous ESG frameworks, raters and indices.

MSCI ESG RATINGS
EthiFinance
MORNINGSTAR SUSTAINANALYTICS
FTSE4GOOD
Workforce Disclosure Initiative
SASB STANDARDS
Global Reporting Initiative (GRI)
TASKFORCE ON CLIMATE
RELATED FINANCIAL
DISCLOSURES

ESG documents

Our Environmental, Social and Governance (‘ESG’) document hub contains sustainability reporting, corporate governance documents, company policies and our Initial Public Offering documents.

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