Metro Bank Sustainability Profile
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 72 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Metro Bank's reported carbon emissions
In 2024, Metro Bank reported total carbon emissions of approximately 72,824,000 kg CO2e. This figure includes 122,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 32,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 72,667,000 kg CO2e, fall under Scope 3, which includes emissions from the value chain, such as investments and purchased goods and services. Comparatively, in 2023, Metro Bank's total emissions were about 111,674,000 kg CO2e, with Scope 1 emissions at 469,000 kg CO2e and Scope 2 emissions at 2,705,000 kg CO2e. The Scope 3 emissions for that year were approximately 111,205,000 kg CO2e, indicating a significant reliance on indirect emissions. Metro Bank has not set specific reduction targets or initiatives as part of their climate commitments, and there are no documented SBTi (Science Based Targets initiative) reduction targets. The emissions data is cascaded from their parent company, Metro Bank Holdings PLC, which is responsible for the overall performance metrics. Overall, Metro Bank's emissions reflect a substantial footprint, particularly in Scope 3, highlighting the importance of addressing indirect emissions in their climate strategy.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,160,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000 | 000,000 | 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 | 00,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
How Carbon Intensive is Metro Bank's Industry?
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Metro Bank's Scope 3 Categories Breakdown
Metro Bank's Scope 3 emissions, which decreased by 35% last year and decreased by approximately 71% since 2019, 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 "Purchased Goods and Services" being the largest emissions source at 51% of Scope 3 emissions.
Top Scope 3 Categories
Metro Bank'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.
Metro Bank 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.
