abrdn, formerly Standard Life Aberdeen

InfluenceMap Score
C-
Performance Band
61%
Organisation Score
48%
Relationship Score
Sector:
Financials
Head​quarters:
Edinburgh, United Kingdom
Brands and Associated Companies:
Aberdeen Standard Investments, Standard Life Aberdeen, abrdn
Official Web Site:
Wikipedia:

abrdn, formerly Standard Life Aberdeen, appears to be fairly actively engaged on sustainable finance policy, although mostly from its subsidiary Aberdeen Standard Investments, with mixed positions. Standard Life Aberdeen has stated support for urgent action on climate change, with subsidiary Aberdeen Standard Investments calling for action to achieve net-zero by 2050 in the UK In 2019, Aberdeen Standard Investments stated support for the EU's Action Plan on sustainable finance on its website.

Aberdeen Standard Investments has supported the mandatory implementation of the TCFD recommendations into reporting frameworks in consultation responses to the HLEG in 2017 and the UK's FCA in 2019, as well as its 2020 CDP response.

In response to the FCA consultation on green finance in 2019, Aberdeen Standard Investments stated support for the EU's taxonomy and suggested it should be expanded to cover wider social and governance aspects. However, in response to the European Commission in 2020, it opposed the expansion of the taxonomy to cover environmentally harmful activities.

On its website in 2019, Aberdeen Standard Investments stated support for the EU Green Bond Standard. In response to the European Commission on the Renewed Sustainable Finance Strategy, abrdn did support verification mechanisms for the EU GBS but again appeared to express concerns around its stringency.

In its 2019 CDP response, Standard Life Aberdeen stated broad support for disclosure requirements for asset managers on their integration of ESG issues into the investment process, and in a 2019 website article, it also appeared to support the DWP’s proposal for trustees to include disclosures on the extent of ESG integration. However, in response to the ESA’s Sustainable Finance Disclosure Regulation (SFDR) consultation on investor ESG disclosure in 2020, it argued for a less prescriptive approach. In a 2018 European Commission consultation, Aberdeen Standard Investments opposed periodically seeking insurance and pension beneficiaries views on ESG preferences. In another Commission consultation in 2020, it did not support incorporating adverse ESG impacts into fiduciary duty.

Aberdeen Standard Investments has disclosed the policies it is engaging on and some engagement activities, but not outcomes sought. There does not appear to be a group level disclosure. abrdn does not appear to have disclosed any indirect engagement through trade associations.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
41%
 
41%
 
56%
 
56%
 
37%
 
37%
 
42%
 
42%
 
49%
 
49%
 
49%
 
49%
 
47%
 
47%
 
49%
 
49%
 
81%
 
81%
 
71%
 
71%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.