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 54% 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 2024, the Scottish National Investment Bank (SNIB) reported total carbon emissions of approximately 18,539,200 kg CO2e, encompassing Scope 1 and 2 emissions. This marks a significant increase from 2023, when emissions were about 14,256,300 kg CO2e. The bank has set ambitious climate commitments, aiming for net zero emissions by 2030 for both Scope 1 and Scope 2 emissions. To achieve this, SNIB plans to compensate for any unavoidable emissions through offset credits aligned with the Scottish Government's Woodland Carbon Code or Peatland Code. In 2023, the bank's global emissions included 6,490 kg CO2e from Scope 1, 10,980 kg CO2e from Scope 2, and 58,660 kg CO2e in total, with significant contributions from business travel and employee commuting. The bank's commitment to reducing its carbon footprint is evident in its strategic initiatives and adherence to industry standards for climate action. SNIB's emissions data is not cascaded from any parent organization, indicating that the reported figures are independently sourced. The bank's proactive approach to climate commitments positions it as a leader in sustainable investment practices within the UK.
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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.
