Huntington Bancshares

Huntington Bancshares's carbon emissions in 2024 were approximately 215,976,000 kg CO2e. This includes Scope 1 emissions of around 19,124,000 kg CO2e, Scope 2 emissions of approximately 56,538,000 kg CO2e, and Scope 3 emissions totalling about 141,413,000 kg CO2e. Key categories for Scope 3 emissions included purchased goods and services (109,475,000 kg CO2e), fuel and energy-related activities (23,251,000 kg CO2e), capital goods (20,481,000 kg CO2e), waste generated in operations (3,560,000 kg CO2e), and upstream transportation and distribution (2,246,000 kg CO2e).

Looking back, in 2023, the company's Scope 1 emissions were approximately 18,373,000 kg CO2e, Scope 2 emissions were around 61,320,000 kg CO2e, and Scope 3 emissions were about 222,089,000 kg CO2e. In 2022, Scope 1 emissions stood at approximately 20,418,000 kg CO2e, Scope 2 emissions at around 69,015,000 kg CO2e, and Scope 3 emissions at about 248,002,000 kg CO2e.

Huntington Bancshares has established several climate commitments. The company aims for an absolute reduction of 31% in Scope 1 emissions by 2027, from a 2017 baseline, and a 41% absolute reduction by 2037, also from a 2017 baseline. For Scope 2 emissions, they are targeting an absolute reduction of 31% by 2027 and 41% by 2037, both against a 2017 baseline. Huntington Bancshares is also working on establishing interim (2030) and long-term (2050) net-zero targets for both Scope 1 and Scope 2 emissions, reflecting their belief in the pursuit of a net-zero-carbon economy.