UK Pension Insurer PIC Expands Carbon Removal Portfolio in Fourth Deal with CUR8

Earlier this year, Pension Insurance Corporation plc (PIC) signed its fourth consecutive transaction with CUR8. This partnership expands PIC's carbon removal portfolio and showcases its commitment to driving down its carbon footprint while supporting the growth of durable carbon removal solutions.

PIC, a specialist insurer of defined benefit pension schemes and member of the UN Net Zero Asset Owner Alliance, continues to take a proactive, science-aligned approach to achieving its net zero goals. The company is focused on both reducing operational emissions and addressing residual emissions through high-quality carbon removals, setting a leading example for peers in the financial services sector.

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This latest transaction addresses residual operational emissions associated with PIC’s 2025 Scope 1, Scope 2 and business travel, aligning with the industry standard Oxford Offsetting Principles. Sourced and evaluated through CUR8’s carbon scientist team and proprietary AI models, the portfolio includes four leading projects across the nature-to-technology spectrum, including:

➡️ 1PointFive, a direct air capture leader set to deliver the world’s first plant capable of reaching megatonne scale

➡️ Kukumuty, a nature-based removal project creating climate resilient agroecosystems and sustainable livelihood opportunities

➡️ Carboneers, an Indian biochar project with strong social and community co-benefits

➡️ O.C.O Technology Ltd, a UK based project where biogenic CO2 is captured from a wide variety of waste streams and mineralised to produce carbon aggregates for buildings

PIC has already invested more than £1.5 billion in renewable energy while progressing toward net zero across its business and investment portfolio by 2050.