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 10 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Scottish National Investment Bank's reported carbon emissions
In 2023, the Scottish National Investment Bank reported total carbon emissions of approximately 58,660 kg CO2e. This figure includes 6,490 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 10,980 kg CO2e from Scope 2 emissions, which are attributed to purchased electricity. The majority of their emissions, about 41,190 kg CO2e, fall under Scope 3, with significant contributions from employee commuting (31,130 kg CO2e) and business travel (9,660 kg CO2e). Comparatively, in 2022, the Bank's total emissions were approximately 17,200 kg CO2e, with no Scope 1 emissions recorded. Scope 2 emissions accounted for 5,400 kg CO2e, while Scope 3 emissions totalled around 11,800 kg CO2e. This indicates a substantial increase in emissions from 2022 to 2023. In 2021, the Bank's emissions were approximately 34,200 kg CO2e, with Scope 1 emissions at 16,200 kg CO2e and Scope 2 at 8,500 kg CO2e. Scope 3 emissions included employee commuting (9,000 kg CO2e) and waste generated in operations (400 kg CO2e). Currently, the Scottish National Investment Bank has not set specific reduction targets or climate pledges, indicating a potential area for future commitment to enhance their sustainability efforts.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 16,200 | - | 0,000 |
| Scope 2 | 8,500 | 0,000 | 00,000 |
| Scope 3 | 9,400 | 00,000 | 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 committed to any reduction initiatives 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.
