Scottish Widows. Sustainability Profile
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.
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.
Industry Benchmark
Scottish Widows.'s score of 31 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Scottish Widows.'s reported carbon emissions
In 2023, Scottish Widows Limited reported its carbon emissions data, although specific figures for Scope 1, 2, and 3 emissions were not disclosed. The organisation operates under the umbrella of Lloyds Banking Group plc, which influences its climate commitments and reporting practices. Scottish Widows has not set specific reduction targets or initiatives as part of its climate strategy, and there are no documented climate pledges or SBTi (Science Based Targets initiative) commitments available. The absence of detailed emissions data suggests that the company may be in the early stages of formalising its climate action plans. As a current subsidiary of Lloyds Banking Group, Scottish Widows may align its sustainability efforts with the broader goals of its parent company, which has been active in climate-related initiatives. However, specific emissions data and reduction targets for Scottish Widows remain unspecified, indicating a potential area for future development in their environmental strategy.
How Carbon Intensive is Scottish Widows.'s Industry?
How Carbon Intensive is Scottish Widows.'s Location?
Scottish Widows.'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 Widows. 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.
