Standard Life Assurance Limited Sustainability Profile
Standard Life Assurance Limited, commonly known as Standard Life, is a prominent financial services company headquartered in Great Britain. Established in 1825, it has evolved into a leading player in the insurance and investment sectors, with a strong presence across the UK and Europe. The company offers a diverse range of products, including life insurance, pensions, and investment solutions, distinguished by their customer-centric approach and innovative technology. Standard Life is recognised for its commitment to helping individuals achieve their long-term financial goals, making it a trusted name in the industry. With a rich history marked by significant milestones, Standard Life has consistently maintained a strong market position, earning accolades for its robust financial performance and customer satisfaction. Its dedication to excellence continues to set it apart in the competitive landscape of financial services.
DitchCarbon Score
How does Standard Life Assurance Limited'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
Standard Life Assurance Limited's score of 56 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Standard Life Assurance Limited, headquartered in Great Britain, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Phoenix Group Holdings plc, which may influence its climate commitments and reporting practices. While there are no documented reduction targets or specific climate pledges from Standard Life Assurance Limited, it is important to note that any climate initiatives or targets would likely be aligned with those set by its parent company, Phoenix Group Holdings plc. This includes potential commitments to the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP), both of which are cascaded from Phoenix Group Holdings plc. As a subsidiary, Standard Life Assurance Limited may benefit from the broader sustainability strategies and climate action plans implemented by Phoenix Group Holdings plc, although specific details on these initiatives are not provided. The company’s approach to climate action will likely reflect the overarching goals of its parent organization, focusing on reducing carbon footprints and enhancing sustainability practices within the financial services sector.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 20,501,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,874,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000 | 0,000,000 | - |
| Scope 3 | 115,987,000 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Standard Life Assurance Limited's Industry?
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Standard Life Assurance Limited's Scope 3 Categories Breakdown
Standard Life Assurance Limited's Scope 3 emissions, which decreased by 3% last year and decreased by approximately 92% since 2015, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 59% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 51% of Scope 3 emissions.
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Standard Life Assurance Limited'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.
Standard Life Assurance Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
