British Business Bank
British Business Bank, headquartered in the United States, is a pivotal player in the UK’s financial landscape, dedicated to supporting small and medium-sized enterprises (SMEs). Established in 2014, the bank has made significant strides in enhancing access to finance for businesses across the UK, with a focus on regions such as London, the Midlands, and the North. Operating within the financial services industry, British Business Bank offers a range of core products, including debt and equity finance solutions, which are tailored to meet the unique needs of SMEs. Its innovative approach to funding, combined with a commitment to fostering economic growth, positions the bank as a leader in the market. Notable achievements include facilitating billions in funding, thereby reinforcing its role as a catalyst for business development and job creation in the UK.
DitchCarbon Score
How does British Business Bank'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
British Business Bank's score of 46 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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British Business Bank's reported carbon emissions
In 2024, the British Business Bank reported total carbon emissions of approximately 8,600,000 kg CO2e, with significant contributions from Scope 3 emissions, particularly from purchased goods and services (about 7,824,200 kg CO2e) and business travel (approximately 180,800 kg CO2e). Scope 2 emissions from purchased electricity accounted for about 76,500 kg CO2e. In 2023, the Bank's total emissions were about 8,532,600 kg CO2e, with similar patterns observed in Scope 3 emissions, including business travel (approximately 132,600 kg CO2e) and employee commute (about 236,800 kg CO2e), alongside Scope 2 emissions of around 70,600 kg CO2e. The British Business Bank has committed to a 68% reduction in emissions from 1990 levels by 2030, aligning with broader UK climate goals. Additionally, the Bank aims to develop a Portfolio Alignment Strategy by 2027/28 to achieve net zero financed emissions by 2050. Immediate plans include establishing a detailed roadmap for emissions reductions focusing on Scope 1 and Scope 2 by 2030. The Bank is also committed to the Science Based Targets initiative (SBTi) and has set a long-term target for net zero emissions by 2050, demonstrating its dedication to sustainable practices within the financial sector.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 65,700 | 00,000 | 00,000 |
| Scope 3 | 75,100 | 0,000,000 | 0,000,000 |
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.
British Business Bank is participating in some 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.
