Huntington Bancshares Sustainability Profile
Huntington Bancshares Incorporated, commonly known as Huntington Bank, is a prominent financial institution headquartered in Columbus, Ohio, USA. Founded in 1866, the bank has established a strong presence across the Midwest, particularly in Ohio, Michigan, Pennsylvania, and Indiana. As a leading player in the banking industry, Huntington offers a comprehensive range of services, including personal and commercial banking, wealth management, and investment services. Huntington is recognised for its customer-centric approach, exemplified by its innovative products such as the 24-Hour Grace® overdraft policy, which sets it apart from competitors. With a commitment to community engagement and sustainable practices, Huntington has garnered numerous accolades, solidifying its position as a trusted financial partner. The bank continues to thrive, driven by a focus on enhancing customer experiences and expanding its market reach.
DitchCarbon Score
How does Huntington Bancshares'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 Financial Intermediation 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
Huntington Bancshares's score of 55 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Huntington Bancshares's reported carbon emissions
In 2023, Huntington Bancshares reported total carbon emissions of approximately 1,798,928,000 kg CO2e. This figure includes Scope 1 emissions of about 16,331,000 kg CO2e, Scope 2 emissions of approximately 50,793,000 kg CO2e, and significant Scope 3 emissions, notably from investments at about 1,446,371,000 kg CO2e and employee commuting at approximately 94,198,000 kg CO2e. Huntington Bancshares has set ambitious climate commitments, aiming for a 31% reduction in Scope 1 and Scope 2 emissions by 2027, with a long-term goal of achieving a 41% reduction by 2037. Additionally, the organisation is committed to establishing interim emissions reduction targets for both Scope 1 and Scope 2 by 2030, as part of its broader strategy towards a net-zero carbon economy by 2050. These targets reflect Huntington's proactive approach to climate action, aligning with industry standards and demonstrating a commitment to sustainability in its operations.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 14,341,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 77,722,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 5,349,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Huntington Bancshares's Industry?
How Carbon Intensive is Huntington Bancshares's Location?
Huntington Bancshares's Scope 3 Categories Breakdown
Huntington Bancshares's Scope 3 emissions, which decreased by 3% last year and increased significantly 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 "Investments" being the largest emissions source at 80% of Scope 3 emissions.
Top Scope 3 Categories
Huntington Bancshares'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.
Huntington Bancshares 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.
