Abrdn Sustainability Profile
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Abrdn's score of 48 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Abrdn's reported carbon emissions
In 2023, Abrdn reported total carbon emissions of approximately 8,656,000 kg CO2e. This figure includes Scope 1 emissions of about 739,000 kg CO2e, Scope 2 emissions of approximately 558,000 kg CO2e, and significant Scope 3 emissions totalling around 7,359,000 kg CO2e. Notably, the majority of Scope 3 emissions stem from business travel, accounting for about 6,012,000 kg CO2e. Comparatively, in 2022, Abrdn's total emissions were approximately 13,479,000 kg CO2e, with Scope 1 emissions at about 776,000 kg CO2e, Scope 2 emissions of approximately 1,305,000 kg CO2e, and Scope 3 emissions reaching around 11,398,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Despite these reductions, Abrdn has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in initiatives such as the Science Based Targets initiative (SBTi). Their emissions data is not cascaded from any parent organization, and all reported figures are directly from Abrdn plc. Overall, while Abrdn has made strides in reducing their carbon footprint, further commitments and structured reduction targets could enhance their climate strategy moving forward.
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| 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 |
How Carbon Intensive is Abrdn's Industry?
How Carbon Intensive is Abrdn's Location?
Abrdn's Scope 3 Categories Breakdown
Abrdn's Scope 3 emissions, which increased by 10% last year and decreased by approximately 67% since 2018, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 82% of Scope 3 emissions.
Top Scope 3 Categories
Abrdn's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Abrdn has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
