Bank Of England
The Bank of England, often referred to simply as the BoE, is the central bank of the United Kingdom, headquartered in London, GB. Established in 1694, it plays a pivotal role in the UK’s financial system, overseeing monetary policy, issuing banknotes, and maintaining financial stability. With a focus on key areas such as inflation control and interest rate management, the Bank of England is renowned for its unique ability to influence economic conditions through its core services. Notable milestones include the introduction of the inflation-targeting framework in the 1990s, which has solidified its market position as a trusted authority in economic governance. The Bank's commitment to transparency and innovation, alongside its historical significance, underscores its status as a cornerstone of the UK’s economy.
DitchCarbon Score
How does Bank Of England'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 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
Bank Of England's score of 46 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank Of England's reported carbon emissions
In 2023, the Bank of England reported total carbon emissions of approximately 99.3 million tonnes CO2e. This figure includes 2.22 million tonnes from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 0 tonnes from Scope 2 emissions, indicating no emissions from purchased electricity. The majority of their emissions, about 97.1 million tonnes, fall under Scope 3, which includes indirect emissions from the value chain, such as capital goods and business travel. The Bank of England has shown a commitment to addressing climate change; however, specific reduction targets or initiatives have not been detailed in the available data. The absence of documented reduction targets suggests that while the institution acknowledges its carbon footprint, it may not yet have formalised specific strategies for emissions reduction. Overall, the Bank of England's emissions data highlights the significant impact of Scope 3 emissions, which are critical for understanding the broader environmental footprint of financial institutions.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2015 | 2016 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,045,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 5,563,000 | 0,000,000 | 000,000 | - | - | - |
| Scope 3 | 11,519,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Bank Of England 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.
