Bank Of Scotland
Bank of Scotland, a prominent financial institution headquartered in Edinburgh, GB, has been serving customers since its establishment in 1695. As one of the oldest banks in the UK, it has played a significant role in the evolution of the banking industry, particularly in Scotland and across the UK. Operating primarily in retail and commercial banking, Bank of Scotland offers a diverse range of products and services, including personal and business accounts, mortgages, and loans. Its commitment to customer service and innovative banking solutions sets it apart in a competitive market. With a strong market position, Bank of Scotland has achieved notable milestones, including its integration into the Lloyds Banking Group in 2009, enhancing its operational capabilities. The bank continues to be a trusted choice for individuals and businesses seeking reliable financial services.
DitchCarbon Score
How does Bank Of Scotland'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 Scotland's score of 32 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Of Scotland's reported carbon emissions
In 2017, Bank of Scotland reported total carbon emissions of approximately 27172000 kg CO2e for Scope 1, 76197000 kg CO2e for Scope 2 (market-based), and 68452000 kg CO2e for Scope 3 related to business travel. This reflects a significant reduction in emissions compared to previous years, with Scope 1 emissions decreasing from about 29131000 kg CO2e in 2016 and 36857000 kg CO2e in 2014. Despite these reductions, the bank has not publicly committed to specific science-based targets or documented reduction initiatives. The absence of formal climate pledges indicates a potential area for improvement in their sustainability strategy. Overall, Bank of Scotland's emissions data highlights a trend towards lower carbon outputs, yet further commitments could enhance their climate action efforts.
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| 2014 | 2016 | 2017 | |
|---|---|---|---|
| Scope 1 | 36,857,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 391,105,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 105,352,000 | 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 Scotland 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.
