Scottish Friendly, a prominent name in the insurance and pension funding services sector, is headquartered in Great Britain. Established in 1862, the company has a rich history of providing innovative financial solutions, focusing on life insurance, savings, and investment products. With a commitment to helping individuals secure their financial futures, Scottish Friendly stands out for its customer-centric approach and competitive offerings.
Operating primarily across the UK, Scottish Friendly has achieved significant milestones, including the introduction of unique mutual products that prioritise member benefits. The company is well-regarded for its strong market position, consistently delivering value through its diverse range of services, including ISAs and child savings plans. With a focus on transparency and accessibility, Scottish Friendly continues to be a trusted partner for those seeking reliable financial protection and growth.
+6 vs industry average
Scottish Friendly’s score of 43 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Scottish Friendly's reported carbon emissions
Scottish Friendly, headquartered in GB and operating in insurance and pension funding services (excluding compulsory social security), has reported its carbon emissions for recent years.
For 2023, the company reported a total of approximately 65,550 kg CO2e for Scope 1 and Scope 2 emissions, using the market-based method. This comprised about 63,570 kg CO2e from Scope 1 and approximately 1,980 kg CO2e from Scope 2.
In 2022, Scottish Friendly's Scope 1 and 2 emissions totalled around 95,450 kg CO2e (market-based). Scope 1 emissions were approximately 93,580 kg CO2e, and Scope 2 emissions were about 1,870 kg CO2e.
The previous year, 2021, saw Scope 1 and 2 emissions at approximately 116,400 kg CO2e (market-based). Scope 1 accounted for about 107,800 kg CO2e, and Scope 2 emissions were around 8,600 kg CO2e.
Notably, Scottish Friendly has not yet reported Scope 3 emissions data, with a missing data point for "purchased goods and services."
The company is working towards climate commitments. One target aims for Net Zero by 2025, covering all scopes. Additionally, there is a commitment to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by 42% by 2030, using 2021 as the science-based target base year, with a long-term goal for Scope 1 and 2 emissions by 2050.
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Scottish Friendly’s Climate Goals (2030 & 2050)
2 goals2050
42% reduction in all scopes
scope 1 and 2 GHG emissions by 2050, with an absolute reduction of 42% by 2030 from our 2021 science-based target base year³.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Scottish Friendly
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