Co Operative Bank

Co-operative Bank, a UK-based financial intermediation services company, reported total carbon emissions of approximately 360,647,900 kg CO2e in 2023. This includes Scope 1 emissions of 684,700 kg CO2e, Scope 2 emissions of 1,541,600 kg CO2e, and Scope 3 emissions of 358,422,000 kg CO2e. The bank's 2023 carbon intensity per full-time equivalent (FTE) was 109 kg CO2e/FTE and per £Revenue was 0.0007 kg CO2e/£Revenue.

In 2022, the bank's total carbon emissions were approximately 362,884,500 kg CO2e, with Scope 1 at 592,300 kg CO2e, Scope 2 at 1,574,700 kg CO2e, and Scope 3 at 360,717,500 kg CO2e. The carbon intensity per FTE for 2022 was 131 kg CO2e/FTE and per £Revenue was 0.00074 kg CO2e/£Revenue.

Looking back to 2021, Co-operative Bank reported total carbon emissions of approximately 374,363,600 kg CO2e, comprising Scope 1 emissions of 968,900 kg CO2e, Scope 2 emissions of 2,181,300 kg CO2e, and Scope 3 emissions of 371,213,400 kg CO2e. The carbon intensity per FTE was 152 kg CO2e/FTE and per £Revenue was 0.00107 kg CO2e/£Revenue.

The bank's emissions data shows a decreasing trend in Scope 1 and 2 emissions from 2021 to 2023, while Scope 3 emissions have remained relatively stable. For example, Scope 1 emissions decreased from 968,900 kg CO2e in 2021 to 684,700 kg CO2e in 2023, and Scope 2 emissions decreased from 2,181,300 kg CO2e in 2021 to 1,541,600 kg CO2e in 2023.

In 2020, the bank disclosed Scope 1 emissions of 1,075,000 kg CO2e and Scope 2 emissions of 2,786,000 kg CO2e. In 2019, these figures were 1,188,000 kg CO2e for Scope 1 and 5,811,000 kg CO2e for Scope 2. For 2018, the total Scope 1 and 2 emissions were 8,743,000 kg CO2e, with Scope 1 emissions including 650,000 kg CO2e from fugitive emissions and 1,032,000 kg CO2e from stationary combustion, and Scope 2 emissions from purchased electricity at 7,061,000 kg CO2e. Scope 3 business travel emissions were 423,000 kg CO2e in 2018.

Co-operative Bank is a current subsidiary of Coventry Building Society. While the bank reports its own performance data, any SBTi targets or CDP data are cascaded from its ultimate parent, Coventry Building Society. The bank has not publicly disclosed specific carbon reduction targets or commitments through initiatives like SBTi, RE100, or Climate Pledge.