Scottish National Investment Bank
The Scottish National Investment Bank (SNIB), headquartered in Great Britain, is a pioneering institution dedicated to driving sustainable economic growth across Scotland. Established in 2020, the bank focuses on providing patient, long-term capital to support businesses and projects that align with Scotland's economic priorities, particularly in green energy, innovation, and infrastructure. With a commitment to investing in transformative initiatives, SNIB aims to address market failures and enhance the resilience of the Scottish economy. Its unique approach combines public and private sector investment, positioning it as a vital player in the financial landscape. Notable achievements include its role in funding renewable energy projects and supporting small to medium-sized enterprises (SMEs), reinforcing its status as a key driver of Scotland's sustainable development.
DitchCarbon Score
How does Scottish National Investment 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
Scottish National Investment Bank's score of 33 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Scottish National Investment Bank's reported carbon emissions
In 2023, the Scottish National Investment Bank (SNIB) reported total carbon emissions of approximately 58,660 kg CO2e. This figure includes Scope 1 emissions of about 6,490 kg CO2e from stationary combustion, Scope 2 emissions of approximately 10,980 kg CO2e (with 6,200 kg CO2e from purchased electricity), and Scope 3 emissions totalling around 41,190 kg CO2e, which comprises business travel (9,660 kg CO2e), employee commute (31,130 kg CO2e), and waste generated in operations (220 kg CO2e). The bank has set ambitious climate commitments, aiming for net zero emissions by 2030. This target encompasses both Scope 1 and Scope 2 emissions, with plans to offset any unavoidable emissions through credits aligned with the Scottish Government's Woodland Carbon Code or Peatland Code. In 2022, SNIB's total emissions were reported at approximately 26,200 kg CO2e, indicating a significant increase in emissions in 2023. The bank's ongoing initiatives include supporting sustainable projects and reducing harmful emissions globally, with a reported reduction of about 77,684,000 kg CO2e through various initiatives. SNIB's commitment to sustainability is further demonstrated by its focus on supporting homes and jobs in Scotland, with 742 homes supported and 729 jobs indirectly created through its investments. The bank's emissions data is not cascaded from any parent organization, ensuring that its climate commitments are independently managed.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 2,670 | 0,000 |
| Scope 2 | 6,180 | 00,000 |
| Scope 3 | 17,211 | 00,000 |
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.
Scottish National Investment Bank is not participating in any of the initiatives that 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.
