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Close Brothers Group plc, widely recognised as Close Brothers, is a prominent UK-headquartered merchant banking group established in 1878. Operating across the United Kingdom and Ireland, this specialist financial services provider excels in delivering tailored solutions.
The Group provides comprehensive financial intermediation services, encompassing lending, deposit-taking, wealth management, and securities trading. Close Brothers distinguishes itself through a robust, relationship-based approach and deep sector expertise, offering bespoke financing to individuals and businesses alike. As a leading player in its field, Close Brothers maintains a strong market position built on trust and a long-standing heritage.
91
DitchCarbon score
+54 vs industry average
Close Brothers’s score of 91 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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Industry Intensity
Low
Financial Intermediation has below-average carbon intensity
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Close Brothers's reported carbon emissions
Close Brothers, a UK-headquartered financial intermediation services company, reported total carbon emissions of approximately 1.3 billion kg CO2e in 2025. This includes Scope 1 emissions of 1,523,000 kg CO2e, Scope 2 emissions of 359,000 kg CO2e, and Scope 3 emissions of 1,301,686,000 kg CO2e. This represents a reduction from 2024, when total emissions were approximately 1.4 billion kg CO2e.
Close Brothers is committed to achieving net zero across its operations, supply chain, and financed activities by 2050 or sooner. The company aims for operational net zero for Scope 1 and 2 emissions by 2030 and has a target to achieve a net zero company car fleet by 2025. Since 2019, Close Brothers has reduced its operational Scope 1 and 2 emissions by over 53%, demonstrating significant progress towards its 2030 goal. They are also targeting a 20% reduction in Scope 1 and 2 emissions (market-based) in 2025.
In March 2024, Close Brothers published intermediate 2030 emissions reduction pathways for surface transport assets as part of its net zero commitment. The company is a signatory to the Net Zero Banking Alliance (NZBA), committing to transition its lending and investment portfolios to align with net zero pathways by 2050.
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Close Brothers’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
10 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Close Brothers6 months ago
91
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