Abrdn
Abrdn, formerly known as Standard Life Aberdeen, is a prominent investment company headquartered in Great Britain. Founded in 1825, Abrdn has evolved into a leading player in the global asset management industry, with significant operations across Europe, North America, and Asia. The firm focuses on a diverse range of business areas, including investment management, financial advice, and retirement solutions. Abrdn is renowned for its innovative approach to investment, offering a suite of core products and services that cater to both institutional and retail clients. Its commitment to sustainable investing and technology-driven solutions sets it apart in a competitive market. With a strong market position, Abrdn has achieved notable milestones, including substantial growth in assets under management and a reputation for delivering long-term value to its clients.
DitchCarbon Score
How does Abrdn'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 Services Auxiliary to 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
Abrdn's score of 43 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Abrdn's reported carbon emissions
In 2023, Abrdn reported total carbon emissions of approximately 1,394,000 kg CO2e, comprising 587,000 kg CO2e from Scope 1 and 807,000 kg CO2e from Scope 2 emissions. This data reflects a commitment to transparency in their environmental impact, although no Scope 3 emissions data was disclosed for this year. In 2022, Abrdn's total emissions were about 13,935,000 kg CO2e, with Scope 1 emissions at 489,000 kg CO2e, Scope 2 emissions at 874,000 kg CO2e, and significant Scope 3 emissions of approximately 12,509,000 kg CO2e. This indicates a substantial reliance on indirect emissions, which are often the most challenging to manage. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). This lack of formal targets suggests that while Abrdn is actively reporting its emissions, it may not yet have a structured plan for reducing its carbon footprint. Overall, Abrdn's emissions data, particularly the significant Scope 3 figures, highlights the importance of comprehensive climate strategies in the financial services sector, where indirect emissions often dominate.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,667,000 | - | - | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 7,069,000 | - | - | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 22,482,000 | 00,000,000 | - | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Abrdn 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.
