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Public Profile
Financial Intermediation
GB
updated 3 months ago

Close Brothers Sustainability Profile

Company website

Close Brothers Group plc, commonly known as Close Brothers, is a prominent financial services company headquartered in Great Britain. Established in 1878, the firm has built a strong reputation in the banking and investment sectors, with significant operations across the UK and Ireland. Specialising in lending, asset management, and securities trading, Close Brothers offers a range of unique financial solutions tailored to meet the needs of businesses and individuals. Their commitment to customer service and expertise has positioned them as a trusted partner in the financial industry. With a history marked by resilience and innovation, Close Brothers has achieved notable milestones, including consistent growth and a strong market presence. Their dedication to providing bespoke financial services continues to set them apart in a competitive landscape.

DitchCarbon Score

How does Close Brothers'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.

72

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.

32

Industry Benchmark

Close Brothers's score of 72 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.

84%

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Close Brothers's reported carbon emissions

In 2025, Close Brothers reported total carbon emissions of approximately 1,303,568,000 kg CO2e in Great Britain, comprising 261,000 kg CO2e from Scope 1, 609,000 kg CO2e from Scope 2, and 32,919,000 kg CO2e from Scope 3 emissions. This data reflects a commitment to transparency in their environmental impact. Close Brothers has set ambitious climate targets, aiming for a net zero company car fleet by 2025 and operational net zero for Scope 1 and 2 emissions by 2030. They have achieved a significant reduction of 54.7% in Scope 1 and 2 emissions since 2019, demonstrating progress towards their 2030 goals. Additionally, they are committed to aligning their lending and investment portfolios with net zero pathways by 2050. The company’s climate initiatives include publishing intermediate emissions reduction pathways for surface transport assets in March 2024, further solidifying their commitment to sustainability. Close Brothers is actively working to reduce their carbon footprint while contributing to broader climate goals.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201920202021202220232024
Scope 1
2,307,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
2,107,000
0,000,000
0,000,000
000,000
000,000
000,000
Scope 3
224,000
000,000
000,000
00,000,000
00,000,000
00,000,000

How Carbon Intensive is Close Brothers's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Close Brothers's primary industry is Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Close Brothers's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Close Brothers is in GB, which has a very low grid carbon intensity relative to other regions.

Close Brothers's Scope 3 Categories Breakdown

Close Brothers's Scope 3 emissions, which decreased by 27% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 60% of Scope 3 emissions.

Top Scope 3 Categories

2024
Purchased Goods and Services
60%
Capital Goods
24%
Employee Commuting
12%
Business Travel
2%
Fuel and Energy Related Activities
1%
Downstream Transportation & Distribution
<1%
Upstream Transportation & Distribution
<1%
Waste Generated in Operations
<1%

Close Brothers's Climate Goals (2030 & 2050)

Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.

Close Brothers has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Close Brothers's Emissions with Industry Peers

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Updated 26 days ago

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Updated 5 days ago

Shawbrook

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•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Squarespace

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•
Computer and related services (72)
Updated 4 days ago

Secure Trust Bank

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•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Virgin Money UK

AU
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 7 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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