Metro Bank
Metro Bank PLC, commonly known as Metro Bank, is a prominent retail bank headquartered in Great Britain. Established in 2010, it has rapidly gained recognition for its innovative approach to banking, focusing on customer service and convenience. With a strong presence in London and the South East, Metro Bank operates within the financial services industry, offering a range of core products including personal and business accounts, loans, and mortgages. What sets Metro Bank apart is its commitment to providing a unique banking experience, characterised by extended opening hours and a customer-centric ethos. The bank has achieved significant milestones, including being the first new high street bank in the UK in over 100 years. With a growing customer base and a reputation for transparency and accessibility, Metro Bank continues to strengthen its position in the competitive banking landscape.
DitchCarbon Score
How does Metro Bank'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
Metro Bank's score of 23 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Metro Bank's reported carbon emissions
In 2023, Metro Bank reported total carbon emissions of approximately 111,674,000 kg CO2e. This figure includes 469,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 2,705,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 111,205,000 kg CO2e, fall under Scope 3, which includes all other indirect emissions that occur in the value chain. Over the years, Metro Bank has shown fluctuations in its emissions. For instance, in 2021, total emissions peaked at approximately 156,712,000 kg CO2e, with Scope 3 emissions accounting for a significant portion at about 155,182,000 kg CO2e. In contrast, emissions decreased to approximately 129,542,000 kg CO2e in 2022, indicating a potential trend towards reduction. Despite these figures, there are currently no specific reduction targets or initiatives disclosed by Metro Bank, such as Science-Based Targets Initiative (SBTi) commitments or climate pledges. This lack of formal targets suggests that while the bank is tracking its emissions, it may not yet have established a comprehensive strategy for significant reductions in line with industry standards. Overall, Metro Bank's emissions data highlights the importance of ongoing monitoring and the need for clear climate commitments to effectively address its carbon footprint in the future.
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Add to project| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,160,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 5,044,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Metro Bank is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
