Clydesdale Bank PLC Sustainability Profile
Clydesdale Bank PLC, a prominent player in the UK banking sector, is headquartered in Glasgow, GB. Established in 1838, the bank has a rich history and has evolved significantly over the years, particularly following its merger with Yorkshire Bank in 2016. Clydesdale Bank primarily operates in retail and commercial banking, offering a range of services including personal and business accounts, loans, and mortgages. With a strong focus on customer service and innovative financial solutions, Clydesdale Bank distinguishes itself through its commitment to local communities and tailored banking experiences. The bank has garnered recognition for its robust financial performance and customer satisfaction, solidifying its position as a trusted financial institution in Scotland and beyond.
DitchCarbon Score
How does Clydesdale Bank PLC'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
Clydesdale Bank PLC's score of 46 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Clydesdale Bank PLC, headquartered in Great Britain, currently does not report specific carbon emissions data. However, the bank is committed to significant climate action through its parent company, Clyde & Co LLP. The bank has set ambitious targets to reduce greenhouse gas emissions across its operations. Clydesdale Bank PLC has inherited its climate commitments from Clyde & Co LLP, which has established a net-zero target for greenhouse gas emissions across its value chain by 2038. The near-term targets include an 80% reduction in absolute Scope 1 and 2 emissions by 2030, based on a 2019 baseline. Additionally, the bank aims to reduce absolute Scope 3 emissions by 50% within the same timeframe. For the long term, Clyde & Co LLP has committed to a 90% reduction in absolute Scope 1 and 2 emissions by 2038, alongside a 90% reduction in Scope 3 emissions. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. Overall, while specific emissions data for Clydesdale Bank PLC is not available, the bank's climate commitments reflect a strong dedication to sustainability and reducing its carbon footprint in line with industry standards.
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| 2019 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 6,277,000 |
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Clydesdale Bank PLC'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.
Clydesdale Bank PLC has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
