Halifax Limited Sustainability Profile
Halifax Limited, commonly referred to as Halifax, is a prominent financial services provider headquartered in Scotland (SC). Established in 1853, the company has evolved into a key player in the banking and insurance sectors, primarily serving customers across the UK. Halifax is renowned for its comprehensive range of products, including mortgages, savings accounts, and insurance services, distinguished by competitive rates and customer-centric solutions. With a strong market position, Halifax has consistently been recognised for its commitment to innovation and customer service excellence. The company has achieved significant milestones, including the introduction of digital banking solutions that enhance user experience. As a trusted name in the financial industry, Halifax Limited continues to play a vital role in shaping the future of banking in the UK.
DitchCarbon Score
How does Halifax Limited'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 Other 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
Halifax Limited's score of 64 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Halifax Limited, headquartered in South Carolina (SC), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Lloyds Banking Group plc, which cascades its climate commitments and performance metrics down to Halifax Limited. While Halifax Limited lacks direct emissions data, it aligns with the sustainability initiatives of its parent company, Lloyds Banking Group plc. This includes participation in the Carbon Disclosure Project (CDP) and the RE100 initiative, both of which are aimed at enhancing transparency and promoting renewable energy usage. The climate commitments and reduction targets from Lloyds Banking Group plc are relevant to Halifax Limited, reflecting a broader corporate responsibility towards reducing carbon footprints. As a subsidiary, Halifax Limited is expected to adhere to the climate strategies and targets set by Lloyds Banking Group plc, although specific reduction targets for Halifax itself have not been disclosed. The absence of direct emissions data and reduction initiatives highlights the need for further transparency in their environmental impact reporting.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 52,192,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 178,628,000 | 0,000,000 | 000,000 | 00,000,000 | 00,000,000 | 0,000 | 00,000 | 0,000 |
| Scope 3 | 72,984,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Halifax Limited's Industry?
How Carbon Intensive is Halifax Limited's Location?
Halifax Limited's Scope 3 Categories Breakdown
Halifax Limited's Scope 3 emissions, which decreased by 9% last year and increased by approximately 810% since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 61% of Scope 3 emissions.
Top Scope 3 Categories
Halifax Limited'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.
Halifax Limited 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.
