Co Operative Bank

Co-operative Bank, a UK-based financial services provider, reported total carbon emissions of approximately 360,650 tonnes CO2e for 2023. This total includes Scope 1 emissions of approximately 684.7 tonnes CO2e, Scope 2 emissions of approximately 1,541.6 tonnes CO2e, and Scope 3 emissions of approximately 358,422 tonnes CO2e.

Looking back, in 2022, the bank's Scope 1 emissions were approximately 592.3 tonnes CO2e, Scope 2 emissions were about 1,574.7 tonnes CO2e, and Scope 3 emissions were approximately 360,717.5 tonnes CO2e. For 2021, Scope 1 emissions were around 968.9 tonnes CO2e, Scope 2 emissions approximately 2,181.3 tonnes CO2e, and Scope 3 emissions approximately 371,213.4 tonnes CO2e.

Co-operative Bank’s emissions data is inherited from its current subsidiary, The Co-operative Bank p.l.c. The bank also reported carbon intensity metrics for 2023, including approximately 109 kgCO2e per full-time equivalent employee and about 0.0007 kgCO2e per £Revenue.

While the bank has reported emissions across Scope 1, 2, and 3, there is no information available regarding specific documented reduction targets or SBTi (Science Based Targets initiative) commitments directly for Co-operative Bank. However, SBTi targets are cascaded from its ultimate parent, Coventry Building Society, through a corporate family relationship.