Scottish National Investment Bank

The Scottish National Investment Bank (SNIB), based in GB and operating in financial intermediation services, has reported its carbon emissions for recent years. In 2023, the bank's total emissions were approximately 58,660 kg CO2e. This included Scope 1 emissions of about 6,490 kg CO2e, primarily from stationary combustion. Scope 2 emissions for 2023 amounted to approximately 10,980 kg CO2e, with purchased electricity accounting for about 6,200 kg CO2e. Scope 3 emissions for 2023 were reported at approximately 31,130 kg CO2e, largely comprising employee commutes (about 31,130 kg CO2e) and business travel (about 9,660 kg CO2e), alongside waste generated in operations (about 220 kg CO2e).

For 2022, the total emissions were approximately 26,200 kg CO2e. Scope 1 emissions were around 2,670 kg CO2e (stationary combustion), and Scope 2 emissions were approximately 6,180 kg CO2e (purchased electricity 5,400 kg CO2e). Scope 3 emissions for 2022 totalled about 17,151 kg CO2e, made up of business travel (approximately 9,661 kg CO2e), employee commute (approximately 7,500 kg CO2e), and waste generated in operations (approximately 50 kg CO2e).

The SNIB has established a net-zero target for 2030. This commitment encompasses Scope 1 and Scope 2 emissions, with a plan to compensate for any unavoidable emissions through offset credits aligned with Scottish Government guidance, such as the Woodland Carbon Code or Peatland Code. While detailed Scope 3 reduction targets are not explicitly stated, the bank is actively monitoring and reporting on these emissions. The SNIB's approach to emissions management is documented in its Carbon Management Plan.