PensionBee Achieves Record ESG Score in EthiFinance Ratings

PensionBee, a leading global provider in the consumer retirement market, has reached its highest-ever environmental, social, and governance (ESG) rating, earning a score of 86/100 in EthiFinance’s latest assessment report.

EthiFinance’s ESG Ratings, which rank companies on a scale of 0 to 100, evaluate performance across four key pillars: Environment, Social, Governance, and External Stakeholders. In this year’s report, PensionBee improved its scores in three of the four categories, achieving a perfect score in the environment section.

Over recent years, PensionBee has made notable progress in its ESG performance. The governance score increased from 78 to 88, while the social score rose from 26 in 2021 to 75 in 2023. The company’s environment score reached a remarkable 100, a significant improvement from prior years, reflecting its strong commitment to sustainability. The external stakeholders category has consistently remained strong, with a stable score of 85 across the three-year period.

EthiFinance’s thorough evaluation process is based on around 140 criteria, updated annually to reflect evolving ESG risks and sectoral challenges. The 2024 score was determined through a five-step process, including the collection of public ESG data from the past three years, dialogue with PensionBee for data clarification, and an in-depth review to ensure accuracy and consistency.

Clare Reilly, Chief Engagement Officer at PensionBee, commented, “We are thrilled that our ongoing efforts to promote sustainability and responsible business practices have been recognized in this year’s EthiFinance report. Achieving an ESG score of 86 not only highlights our commitment to continual improvement but also reinforces our mission to generate long-term value for our customers and the planet. We remain dedicated to fostering transparency and positive impact across all aspects of our business.”