Abrdn, formerly known as Standard Life Aberdeen, is a prominent investment company headquartered in Great Britain. Founded in 1825, Abrdn has evolved into a leading player in the global asset management industry, with significant operations across Europe, North America, and Asia. The firm focuses on a diverse range of business areas, including investment management, financial advice, and retirement solutions. Abrdn is renowned for its innovative approach to investment, offering a suite of core products and services that cater to both institutional and retail clients. Its commitment to sustainable investing and technology-driven solutions sets it apart in a competitive market. With a strong market position, Abrdn has achieved notable milestones, including substantial growth in assets under management and a reputation for delivering long-term value to its clients.
How does Abrdn's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Abrdn's score of 45 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Abrdn reported total carbon emissions of approximately 8,000,000 kg CO2e, with emissions distributed across various scopes: 739,000 kg CO2e (Scope 1), 1,821,000 kg CO2e (Scope 2), and 7,359,000 kg CO2e (Scope 3). Notably, the Scope 3 emissions were significantly driven by business travel, accounting for about 6,012,000 kg CO2e. The total emissions for 2022 were reported at approximately 14,246,000 kg CO2e, indicating a substantial focus on tracking and managing carbon outputs. Abrdn has disclosed emissions data for all three scopes (1, 2, and 3) and has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges. The company’s emissions data is not cascaded from a parent organization, ensuring that the reported figures are directly attributable to Abrdn itself. The company has made strides in understanding its carbon footprint, with a reported Scope 1 and 2 emissions intensity of 540 kg CO2e per full-time employee equivalent in 2023. This reflects a commitment to transparency and accountability in its climate impact reporting. However, without specific reduction targets or initiatives outlined, the path forward for emissions reduction remains to be defined.
Access structured emissions data, company-specific emission factors, and source documents
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|
Scope 1 | 2,667,000 | - | - | 0,000,000 | 000,000 | 000,000 |
Scope 2 | 7,069,000 | - | - | 000,000 | 000,000 | 000,000 |
Scope 3 | 22,482,000 | 00,000,000 | - | 0,000,000 | 0,000,000 | 0,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Abrdn is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.