Public Profile

Scottish Widows.

Scottish Widows, a prominent financial services provider based in Great Britain, has been a cornerstone of the UK insurance and investment landscape since its establishment in 1815. Headquartered in Edinburgh, the company operates extensively across the UK, offering a range of products designed to meet the diverse needs of individuals and businesses. Specialising in life insurance, pensions, and investment solutions, Scottish Widows is renowned for its commitment to customer service and innovative financial products. The company has achieved significant milestones, including the introduction of pioneering pension schemes that have shaped the industry. With a strong market position, Scottish Widows continues to be a trusted name, recognised for its reliability and expertise in helping clients secure their financial futures.

DitchCarbon Score

How does Scottish Widows.'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.

21

Industry Average

Mean score of companies in the 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.

13

Industry Benchmark

Scottish Widows.'s score of 21 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.

76%

Scottish Widows.'s reported carbon emissions

In 2023, Scottish Widows reported total carbon emissions of approximately 9,111,800 kg CO2e. This figure includes 88,500 kg CO2e from Scope 1 emissions, 26,200 kg CO2e from Scope 2 emissions, and a significant 6,832,764,970 kg CO2e from Scope 3 emissions, which encompasses areas such as purchased goods and services (7,496,300 kg CO2e) and employee commute (863,900 kg CO2e). Over the years, Scottish Widows has shown a trend of reducing its emissions. For instance, in 2022, total emissions were approximately 10,200,000,000 kg CO2e, indicating a notable decrease in emissions by about 1,088,200,000 kg CO2e by 2023. The company has also made strides in reducing its Scope 1 and Scope 2 emissions, which were 10,200,000,000 kg CO2e and 9,100,000,000 kg CO2e respectively in 2022. Despite these reductions, there are currently no specific reduction targets or climate pledges documented for Scottish Widows. The company continues to disclose emissions across all scopes, demonstrating a commitment to transparency in its climate impact.

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Add to project
20192020202120222023
Scope 1
11,000,000,000
0,000,000,000
0,000,000,000
00,000,000,000
00,000
Scope 2
9,100,000,000
0,000,000,000
0,000,000,000
0,000,000,000
00,000
Scope 3
12,500,000,000
00,000,000,000
00,000,000,000
00,000,000,000
0,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Scottish Widows.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Scottish Widows. is headquartered in GB, which has a rank of low, indicating low grid carbon 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 Widows. is not committed to any reduction initiatives 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers