An Edinburgh financial giant’s investments in 20 firms indirectly caused nearly five million tonnes of climate pollution in 2022 — significantly more than the amount produced annually at Grangemouth, Scotland’s dirtiest industrial site.
Asset manager, Abrdn – known as Standard Life Aberdeen until 2021 – has stakes in some of the world’s biggest polluters including the oil multinationals Shell and BP, German coal firm, RWE, and global mining companies, Glencore and Rio Tinto.
Abrdn’s investments in the 20 highest polluting companies in its portfolio resulted in the equivalent of 4.8 million tonnes of carbon dioxide
(CO2) entering the atmosphere in 2022.
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