Aegon Saves an Estimated 270 Tonnes of CO2 by Using Mailock

At Beyond Encryption, we’re proud to partner with Origo to bring innovative solutions like Mailock to the financial services industry.

Together, we’ve developed an impact assessment tool to quantify the CO2 savings achieved by using Mailock’s secure email technology.

This proprietary tool measures emissions reductions by analysing factors such as printing and postage costs, showcasing the positive environmental impact of switching to digital communication.

Aegon Leads the Way

One of the UK’s leading financial services providers, Aegon, was among the first to adopt Mailock for securely emailing confidential documents.

Since then, Aegon has achieved an estimated 270 tonnes of CO2 savings.

This milestone demonstrates how technology can deliver tangible environmental benefits while maintaining security and efficiency.

“This dramatic reduction in the need to print and post important paperwork is one of the key ways financial services companies can make significant CO2 emission savings by examining their day-to-day operations.

Invariably, this will mean digitising processes to create greater efficiency, security, and regulatory compliance, discarding legacy ways of working which are inconsistent with net zero targets.”

— Ronnie Taylor, Chief Distribution Officer, Aegon

Driving Change in Financial Services

The world is moving towards ambitious environmental goals, with the UK aiming for net zero emissions by 2050 and a 78% reduction in carbon emissions by 2035.

The annual COP26 conference highlighted the urgent need for action, particularly in sectors like financial services.

At Beyond Encryption, we’re passionate about helping companies like Aegon contribute to this global effort.

“These carbon savings are just the start… COP26 has increased pressure on financial services companies to cut their CO2 emissions, as has the Chancellor's recent announcement that London Stock Exchange listed companies will need to set down detailed plans as to how they will help Britain reach net zero carbon emissions by 2050.

Financial services will face increasing pressure to commit to carbon reductions, and Mailock could be the key to unlocking such reductions.”

— Anthony Rafferty, CEO, Origo

Our Commitment to a Greener Future

The Financial Conduct Authority (FCA) has published a new ESG Strategy, aligned with COP26 Finance Day.

This strategy builds on the FCA’s ongoing efforts to prioritise sustainability in financial services.

At Beyond Encryption, we share this commitment and continue to support companies in reducing their environmental footprint.

“Tens of thousands of intermediaries are already using the industry solution with increasing institutional adoption.

Aegon’s carbon-saving success demonstrates the considerable impact big corporates can have in a short period of time by digitising their communications.

The impact of COVID-19 and home working, alongside the increasing threat of cybercriminal activity, have increased consumer appetite with environmental awareness a critical factor and core part of our mission as a business.

Mailock is here to assist financial services companies with their ESG considerations and carbon pledges, a secure and auditable delivery substitute for traditional mail.”

— Paul Holland, Founder, Beyond Encryption

Learn More About Carbon Savings

To calculate CO2 savings, we consider factors like paper and envelope size, the number of pages, print types, delivery distances, and disposal methods.

Based on the messages sent by Aegon, we estimate their savings to be approximately 270 tonnes of CO2.

*Quantifying the positive ecological impact requires consideration of many factors, as outlined above.

FAQs

What Is Mailock?

Mailock is a secure email solution designed to protect sensitive information while reducing the need for paper-based communication.

How Does Mailock Help Reduce CO2 Emissions?

By digitising communications, Mailock eliminates the carbon footprint associated with printing, postage, and paper waste.

Who Can Benefit From Using Mailock?

Any company, but specifically regulated companies such as financial providers, advisers, and organisations handling sensitive client data can use Mailock to enhance security and sustainability.

How Does the CO2 Impact Assessment Work?

Our proprietary assessment estimates CO2 savings by analysing factors such as document size, print and post emissions, and delivery distances.

Why Should Companies Focus on Digital Communication?

Digital communication improves efficiency, reduces costs, enhances security, and supports sustainability goals like net zero carbon emissions.

References

The UK's Plans and Progress to Reach Net Zero by 2050, House of Commons, 2023

Powering Up Britain: Net Zero Growth Plan, UK Government, 2023

A strategy for positive change: our ESG priorities, Financial Conduct Authority, 2021

Joint statement by the FCA, PRA, TPR and FRC on the publication of Climate Change Adaptation Reports, Financial Conduct Authority, 2021

Reviewed by

Sabrina McClune, 18.12.2024

Sam Kendall, 18.12.2024