Scottish National Investment Bank Sustainability Profile
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 36 is higher than 57% 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 the previous year's emissions of about 14,256,300 kg CO2e in 2023. The bank has not disclosed any Scope 3 emissions data for these years. SNIB has set ambitious climate commitments, aiming for net zero emissions by 2030. This target applies to 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. The bank's initiatives include supporting approximately 742 homes and contributing to the reduction of harmful emissions, with a reported impact of about 77,684,000 kg CO2e globally. These efforts reflect SNIB's commitment to sustainable investment and climate action within the financial sector.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 2,670 | 0,000 |
| Scope 2 | 6,180 | 00,000 |
| Scope 3 | 17,211 | 00,000 |
How Carbon Intensive is Scottish National Investment Bank's Industry?
How Carbon Intensive is Scottish National Investment Bank's Location?
Scottish National Investment Bank's Scope 3 Categories Breakdown
Scottish National Investment Bank's Scope 3 emissions, which increased by 138% last year and increased by approximately 138% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 70% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 76% of Scope 3 emissions.
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Scottish National Investment Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Scottish National Investment Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
