Scottish National Investment Bank

Scottish National Investment Bank, a UK-based financial intermediation services provider, reported its carbon emissions for 2023, totalling approximately 58,660 kg CO2e. This includes Scope 1 emissions of around 6,490 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of about 10,980 kg CO2e, largely due to purchased electricity. Scope 3 emissions for 2023 were approximately 41,010 kg CO2e, encompassing business travel (9,660 kg CO2e), employee commuting (31,130 kg CO2e), and waste generated in operations (220 kg CO2e). Data for 2024 is not yet comprehensively disclosed, with a reported value of 77,684,000 kg CO2e for "reducing harmful emissions" for this year, however, this value is an 'other' category and cannot be directly compared to the previous years' emissions data.

For 2022, the bank reported total emissions of roughly 26,200 kg CO2e. This comprised Scope 1 emissions of approximately 2,670 kg CO2e from stationary combustion, Scope 2 emissions of around 6,180 kg CO2e, mainly from purchased electricity, and Scope 3 emissions of about 17,211 kg CO2e, which included business travel (9,661 kg CO2e), employee commuting (7,500 kg CO2e), and waste generated in operations (50 kg CO2e).

The Scottish National Investment Bank has set a near-term net-zero target for Scope 1 and Scope 2 emissions by 2030. This commitment involves compensating for unavoidable emissions through offset credits aligned with Scottish Government guidance, such as the Woodland Carbon Code or Peatland Code.