Kings Town Bank

In 2023, Kings Town Bank reported total carbon emissions of approximately 1,922,000 kg CO2e, comprising 304,000 kg CO2e from Scope 1, 1,892,000 kg CO2e from Scope 2, and 3,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting, with data disclosed across all relevant scopes. In 2022, the bank's total emissions were about 2,310,000 kg CO2e, with Scope 1 emissions at 306,000 kg CO2e, Scope 2 at 2,000,000 kg CO2e, and Scope 3 at 4,000 kg CO2e. The previous year, 2021, saw total emissions of approximately 422,000 kg CO2e, with Scope 1 at 96,000 kg CO2e, Scope 2 at 2,027,000 kg CO2e, and Scope 3 at 17,000 kg CO2e. Despite the detailed emissions data, Kings Town Bank has not set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. The bank's emissions per unit of revenue indicate a focus on minimising their carbon footprint relative to financial performance, with emissions of about 0.00235 kg CO2e per unit of revenue reported in 2019. Overall, while Kings Town Bank has made strides in emissions reporting, the lack of defined reduction targets highlights an area for potential growth in their climate strategy.