Standard Life PLC
Standard Life's GHG Emissions Data Preview
In 2024, Standard Life completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Standard Life has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  | 0000000 |
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aVerified Sources Behind Standard Life’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Standard Life’s data sources below and access millions more through our Disclosure Search.
Insights into Standard Life's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Standard Life amounted to 4,568 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Standard Life decreased by 27.37%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Standard Life's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Standard Life's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Standard Life were 2,111 metric tons of CO₂ equivalent (tCO₂e).a
Has Standard Life reduced its Scope 1 emissions over time?
Since 2022, Standard Life's Scope 1 emissions have decreased by 21.35%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Standard Life's Scope 1 emissions decreased by 13.23%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Standard Life's Scope 2 emissions?
In 2024, Standard Life reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 2,457 tCO₂e using the location-based method.a
Has Standard Life reduced its Scope 2 emissions over time?
Since 2022, Standard Life's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 44.62%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Standard Life's Scope 2 emissions (Location-Based) fell by 36.28% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Standard Life use for Scope 2 reporting?
In 2024, Standard Life reported its Scope 2 emissions using the market-based method and using the location-based method.a
Standard Life's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Standard Life's Value Chain Emissions
In 2024, Standard Life reported 8,689 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Standard Life includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Standard Life's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Standard Life's Scope 3 emissions?
In 2024, Standard Life reported total Scope 3 emissions of 8,689 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 87.82% of these emissions originated from upstream activities such as purchased goods and capital goods, while 12.18% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Standard Life reduced its Scope 3 emissions over time?
Since 2022, Standard Life's Scope 3 emissionshave remained relatively stable, indicating that Standard Life's emissions have plateaued with no significant change in its value chain footprint.ab
Compared to the previous year (2023), Standard Life's Scope 3 emissions decreased by 10.98%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Standard Life disclose?
In 2024, Standard Life reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Standard Life's Scope 3 emissions?
In 2024, the largest contributors to Standard Life's Scope 3 emissions were:a
- Employee Commuting (Cat. 7): 4,309 tCO₂e (49.59%)
- Business Travel (Cat. 6): 2,310 tCO₂e (26.59%)
- Downstream Leased Assets (Cat. 13): 1,058 tCO₂e (12.18%)
Standard Life's Scope 3 Emissions by Categories
Insights into Standard Life’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Standard Life reported Scope 1 greenhouse gas (GHG) emissions of 2,111 tCO₂e and total revenues of USD 18,105 millions. This translates into an emissions intensity of 0.12 tCO₂e per millions USD.a
Standard Life's Scope 1 Emissions Intensity Compared to Peers
How does Standard Life's GHG emissions intensity compare to its peers?
In 2024, Standard Life reported a Scope 1 emissions intensity of 0.12 tCO₂e per millions USD. Compared to the peer group median of 0.22, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Standard Life rank on GHG emissions intensity within its industry?
In 2024, Standard Life ranked 10 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Standard Life is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Standard Life's Total Carbon Footprint
In 2024, Standard Life reported a total carbon footprint of 13,257 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.4% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Standard Life's total carbon footprint was Scope 3 emissions, accounting for 65.54% of the company's total carbon footprint, followed by Scope 2 emissions at 18.53%.a