Huntington Bancshares

Huntington Bancshares, headquartered in the US and operating in financial intermediation services, except insurance and pension funding services, reported a total of approximately 1.89 billion kg CO2e for fiscal year 2024. This figure encompasses Scope 1, 2, and 3 emissions. Scope 1 emissions for 2024 were approximately 19.12 million kg CO2e, while Scope 2 emissions stood at approximately 56.54 million kg CO2e. Scope 3 emissions were considerably higher, amounting to approximately 1.67 billion kg CO2e, with the investments category being the largest contributor.

In the preceding year, 2023, total emissions were approximately 1.77 billion kg CO2e. Scope 1 emissions were around 18.37 million kg CO2e, and Scope 2 emissions were approximately 61.32 million kg CO2e. Scope 3 emissions for 2023 totalled approximately 1.45 billion kg CO2e.

Huntington Bancshares has established several climate commitments. These include a long-term net-zero target for Scope 1 and Scope 2 emissions by 2050, with interim targets for Scope 1 and Scope 2 reductions by 2030. The organisation also aims for a 31% reduction in Scope 1 and Scope 2 emissions by 2027, based on a 2017 baseline. Additionally, a 41% reduction in Scope 1 and Scope 2 emissions is targeted by 2037, also from a 2017 baseline.