Metro Bank
Metro Bank PLC, commonly known as Metro Bank, is a prominent retail bank headquartered in London, UK. Established in 2010, it has rapidly expanded its presence across England and Wales, revolutionising the banking experience with its customer-centric approach. Operating within the financial services industry, Metro Bank offers a range of core products, including personal and business accounts, loans, and credit cards, distinguished by their extended opening hours and commitment to exceptional customer service. Since its inception, Metro Bank has achieved significant milestones, including being the first new high street bank in the UK in over 100 years. Its innovative banking model and focus on convenience have positioned it as a notable player in the competitive banking sector, earning recognition for its strong customer satisfaction ratings and community engagement initiatives.
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 43 is higher than 87% 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
As of 2023, Metro Bank reported total carbon emissions of approximately 111,674,000 tonnes CO2e. This figure includes 469,000 tonnes CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 2,705,000 tonnes CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 111,205,000 tonnes CO2e, fall under Scope 3, which includes all other indirect emissions in the value chain. In recent years, Metro Bank has made significant strides in reducing its carbon footprint. From 2019 to 2023, the bank's total emissions decreased from approximately 31,390,000 tonnes CO2e to 111,674,000 tonnes CO2e, indicating a commitment to improving sustainability practices. However, the bank's CDP scores have varied, with a score of "C" in 2023, reflecting ongoing efforts to enhance their climate strategy. Metro Bank has not publicly set specific reduction targets through initiatives like the Science Based Targets initiative (SBTi) or disclosed document reduction targets. Nevertheless, their focus on understanding and managing emissions aligns with industry standards for climate action. The bank continues to evaluate its environmental impact and aims to implement further measures to mitigate its carbon emissions in the future.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project2016 | 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 committed to some 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.
