Close Brothers

Close Brothers, a UK-headquartered financial intermediation services company, reported total gross emissions of approximately 1.30 billion kg CO2e in 2025. This includes Scope 1 emissions of 1.52 million kg CO2e, Scope 2 emissions of 359,000 kg CO2e, and Scope 3 emissions of 1.29 billion kg CO2e. A significant portion of their Scope 3 emissions in 2025 stemmed from investments (1.12 billion kg CO2e) and downstream leased assets (188.24 million kg CO2e).

In 2024, Close Brothers's total gross emissions were approximately 1.44 billion kg CO2e, with Scope 1 emissions at 1.96 million kg CO2e, Scope 2 at 388,000 kg CO2e, and Scope 3 at 1.43 billion kg CO2e. The largest contributors to Scope 3 in 2024 were investments (1.16 billion kg CO2e) and downstream leased assets (270.95 million kg CO2e).

Close Brothers is committed to achieving net zero across its operations, supply chain, and financed activities by 2050 or sooner, as a signatory to the Net Zero Banking Alliance (NZBA). The company has set a near-term target to become operationally net zero for its Scope 1 and 2 emissions by 2030, with a further goal to achieve a net zero company car fleet by 2025. They have reported a 53% reduction in operational emissions since their 2019 baseline and a 20% reduction in Scope 1 and 2 emissions (market-based) in 2025. As of 2023, they had achieved a 54.7% reduction in Scope 1 and 2 emissions since 2019 under a market-based approach, demonstrating progress towards their 2030 operational net zero target. The company also states that they published intermediate 2030 emissions reduction pathways for surface transport assets in March 2024 as part of their commitment to net zero.