Development Bank Of Wales Sustainability Profile
The Development Bank of Wales, headquartered in Great Britain, is a pivotal institution in the financial landscape, established to support the growth of businesses across Wales. Founded in 2017, it has quickly become a key player in the development finance sector, focusing on providing tailored financial solutions to small and medium-sized enterprises (SMEs) and social enterprises. With a commitment to fostering economic growth, the bank offers a range of products, including loans, equity investments, and support for innovative projects. Its unique approach combines local knowledge with flexible funding options, making it an invaluable resource for businesses seeking to expand or innovate. The Development Bank of Wales has achieved notable milestones, positioning itself as a trusted partner in driving sustainable economic development throughout the region.
DitchCarbon Score
How does Development Bank Of Wales'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 Business Services 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
Development Bank Of Wales's score of 41 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Development Bank Of Wales's reported carbon emissions
In 2023, the Development Bank of Wales reported total carbon emissions of approximately 53,620 kg CO2e, with significant contributions from Scope 2 emissions, specifically from purchased electricity, which accounted for about 89,180 kg CO2e. In the previous year, 2022, the bank's emissions were substantially higher, totalling approximately 7,790,000,000 kg CO2e, comprising 2,912,000,000 kg CO2e from Scope 1, 180,000,000 kg CO2e from Scope 2, and 4,698,000,000 kg CO2e from Scope 3 emissions. The Development Bank of Wales has set ambitious climate commitments, aiming for all new cars and light goods vehicles in the public sector fleet to be ultra-low emission by 2025. Additionally, the bank is focused on fostering net zero skills across Wales to support the broader goal of achieving net zero by 2050. These initiatives reflect a commitment to reducing emissions and promoting sustainability within the region. No emissions data has been cascaded from a parent organization, indicating that the reported figures are solely from the Development Bank of Wales.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 2,912,000,000 | - |
| Scope 2 | 180,000,000 | 00,000 |
| Scope 3 | 4,698,000,000 | - |
How Carbon Intensive is Development Bank Of Wales's Industry?
How Carbon Intensive is Development Bank Of Wales's Location?
Development Bank Of Wales'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.
Development Bank Of Wales has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
