Co Operative Bank
The Co-operative Bank, headquartered in Manchester, GB, is a prominent player in the UK banking sector, known for its ethical banking practices and commitment to customer service. Founded in 1872, the bank has evolved significantly, achieving key milestones such as becoming the first UK bank to adopt a customer-led ethical policy in 1992. Operating primarily in the retail banking industry, the Co-operative Bank offers a range of core products and services, including personal and business accounts, mortgages, and loans. What sets the bank apart is its dedication to ethical finance, ensuring that customers' money is used in socially responsible ways. With a strong market position, the Co-operative Bank continues to be recognised for its commitment to sustainability and community-focused initiatives, making it a unique choice for conscientious consumers.
DitchCarbon Score
How does Co Operative 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
Co Operative Bank's score of 42 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Co Operative Bank's reported carbon emissions
In 2023, Co-operative Bank reported total carbon emissions of approximately 360,648,300 kg CO2e. This figure includes 684,700 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 1,541,600 kg CO2e from Scope 2 emissions, related to purchased electricity. The majority of their emissions, about 358,422,000 kg CO2e, fall under Scope 3, which encompasses indirect emissions from activities such as investments, employee commuting, and purchased goods and services. Over the years, Co-operative Bank has made significant strides in reducing its carbon footprint. From 2018 to 2023, total emissions decreased from approximately 9,414,000 kg CO2e to the latest figure of 360,648,300 kg CO2e, indicating a substantial reduction in their overall impact. However, specific reduction targets or commitments, such as those aligned with the Science Based Targets initiative (SBTi), have not been disclosed. The bank's commitment to sustainability is evident in its ongoing efforts to monitor and report emissions across all scopes, although detailed reduction initiatives or pledges have not been specified. As a financial institution headquartered in Great Britain, Co-operative Bank continues to navigate the complexities of climate impact while striving for greater transparency and accountability in its environmental practices.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,682,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,061,000 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 671,000 | 000,000 | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Co Operative Bank is not committed to any reduction initiatives 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.
