Scottish Friendly Sustainability Profile
Scottish Friendly, officially known as Scottish Friendly Assurance Society Limited, is a prominent mutual insurance and investment provider headquartered in Glasgow, GB. Established in 1862, the company has a rich history of serving customers across the UK, focusing on areas such as life insurance, savings, and investment products. With a commitment to helping individuals and families secure their financial futures, Scottish Friendly offers a range of unique products, including tax-efficient ISAs and innovative investment plans. The company is recognised for its customer-centric approach and competitive offerings, positioning itself as a trusted name in the financial services industry. Over the years, Scottish Friendly has achieved significant milestones, reinforcing its reputation as a leader in the mutual sector.
DitchCarbon Score
How does Scottish Friendly'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 Insurance Services 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
Scottish Friendly's score of 31 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Scottish Friendly's reported carbon emissions
In 2023, Scottish Friendly reported total carbon emissions of approximately 65,570 kg CO2e from Scope 1 and 1,980 kg CO2e from Scope 2, resulting in a combined total of about 65,550 kg CO2e on a market-based approach. The previous year, 2022, saw total emissions of approximately 137,000 kg CO2e, with Scope 1 emissions at about 43,430 kg CO2e and Scope 2 emissions at approximately 93,580 kg CO2e. This indicates a significant reduction in emissions from 2022 to 2023. Scottish Friendly's emissions data is not cascaded from any parent organization, and they have not set specific reduction targets through initiatives such as the Science Based Targets initiative (SBTi). The company is focused on improving its sustainability practices but has not publicly committed to specific climate pledges or reduction initiatives at this time. Overall, Scottish Friendly is actively monitoring its carbon footprint, with a clear focus on reducing its Scope 1 and Scope 2 emissions in the coming years.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 107,800 | 00,000 | 00,000 |
| Scope 2 | 8,600 | 0,000 | 0,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Scottish Friendly's Industry?
How Carbon Intensive is Scottish Friendly's Location?
Scottish Friendly'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.
Scottish Friendly 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.
