Public Profile

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.

19

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.

24

Industry Benchmark

Scottish Friendly's score of 19 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.

21%

Scottish Friendly's reported carbon emissions

In 2023, Scottish Friendly reported total carbon emissions of approximately 65,570 kg CO2e, a significant reduction from 180,430 kg CO2e in 2022 and 215,960 kg CO2e in 2021. The emissions breakdown for 2023 includes about 63,570 kg CO2e from Scope 1, primarily from stationary combustion, and approximately 1,980 kg CO2e from Scope 2, with a location-based total of about 49,090 kg CO2e. Scottish Friendly has demonstrated a commitment to reducing its carbon footprint, achieving a notable decrease in emissions over the past two years. However, there are currently no specific reduction targets or climate pledges disclosed, indicating a potential area for future development in their sustainability strategy. The company’s ongoing efforts reflect a growing awareness of climate impact within the financial services sector in Great Britain.

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202120222023
Scope 1
107,800
00,000
00,000
Scope 2
8,600
0,000
0,000
Scope 3
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Scottish Friendly's primary industry is Insurance and pension funding services, except compulsory social security services (66), 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 Friendly 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 Friendly 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.

SBTi
CDP
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?

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