Scottish National Investment Bank

Scottish National Investment Bank's reported carbon emissions

The Scottish National Investment Bank (SNIB), based in Great Britain and operating in financial intermediation services, has established a net-zero target for 2030. This commitment encompasses both Scope 1 and Scope 2 emissions. The bank aims to compensate for any unavoidable emissions through offset credits aligned with Scottish Government guidance, such as the Woodland Carbon Code or Peatland Code. For the reporting year 2023, SNIB reported total emissions of approximately 58,660 kg CO2e. This figure comprised Scope 1 emissions of about 6,490 kg CO2e, primarily from stationary combustion, and Scope 2 emissions totalling approximately 10,980 kg CO2e, with purchased electricity accounting for about 6,200 kg CO2e. Scope 3 emissions for 2023 were approximately 31,130 kg CO2e, with employee commutes being the largest contributor (about 31,130 kg CO2e) and business travel contributing around 9,660 kg CO2e. Waste generated in operations accounted for about 220 kg CO2e. In the 2022 reporting year, SNIB's total emissions were approximately 26,200 kg CO2e. Scope 1 emissions were about 2,670 kg CO2e (stationary combustion), and Scope 2 emissions were approximately 6,180 kg CO2e (purchased electricity about 5,400 kg CO2e). Scope 3 emissions amounted to approximately 7,500 kg CO2e for employee commutes and 9,661 kg CO2e for business travel, with waste generated in operations at about 50 kg CO2e. For the 2024 reporting year, SNIB reported "reducing harmful emissions" as a key metric with a value of approximately 77,684,000 tonnes CO2e, sourced from their Impact Report 2025. They also reported the number of jobs supported (indirect and induced) as approximately 729, and research & development spend as approximately 0.094 GBP. Specific absolute emissions data for 2024 is not detailed, but the bank is actively disclosing and working towards its climate commitments.