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 45 is higher than 69% 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 8,000,000 kg CO2e, with a breakdown of 739,000 kg CO2e from Scope 1, 1,821,000 kg CO2e from Scope 2, and 7,359,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions were significantly influenced by business travel, which accounted for about 6,012,000 kg CO2e, and employee commuting, contributing approximately 1,205,000 kg CO2e. Comparatively, in 2022, Abrdn's total emissions were about 13,935,000 kg CO2e, with Scope 1 emissions at 817,000 kg CO2e, Scope 2 at 2,031,000 kg CO2e, and Scope 3 at 6,702,000 kg CO2e. This indicates a notable reduction in total emissions from 2022 to 2023. Abrdn has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor disclosed any formal climate pledges. However, they are actively engaged in carbon disclosure through the Carbon Disclosure Project (CDP) and have reported their emissions data transparently. The emissions data is not cascaded from any parent organization, and all figures are directly reported by Abrdn plc. The company continues to monitor and report its carbon footprint, aiming for improved sustainability practices in the financial services sector.
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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 | 000,000 | 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.
