Scottish Friendly
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 28 is higher than 54% 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 and approximately 112,660 kg CO2e on a location-based approach. This marks a significant reduction from 2022, where emissions were about 93,580 kg CO2e for Scope 1 and 1,870 kg CO2e for Scope 2, leading to a total of approximately 95,450 kg CO2e on a market-based basis and around 137,000 kg CO2e on a location-based basis. In 2021, the emissions were even higher, with Scope 1 emissions at about 107,800 kg CO2e and Scope 2 emissions at 8,600 kg CO2e, resulting in a total of approximately 116,400 kg CO2e on a market-based basis and around 161,880 kg CO2e on a location-based basis. Despite these reductions, Scottish Friendly has not set specific science-based targets (SBTi) or documented climate pledges to further guide their emissions reduction efforts. The organization does not currently report any Scope 3 emissions, which typically encompass indirect emissions from the value chain. Scottish Friendly's emissions data is not cascaded from any parent organization, indicating that the figures are independently reported. The company continues to focus on its operational emissions while exploring further commitments to enhance its climate strategy.
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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 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Scottish Friendly 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.
