The Co-operative Bank Holdings p.l.c. Sustainability Profile
The Co-operative Bank Holdings p.l.c., commonly known as The Co-operative Bank, is a prominent financial institution headquartered in Great Britain. Established in 1872, the bank has a rich history marked by its commitment to ethical banking and community values. Operating primarily in the UK, The Co-operative Bank focuses on retail banking services, including personal and business accounts, loans, and mortgages. What sets The Co-operative Bank apart is its dedication to responsible banking practices, emphasising transparency and customer care. The bank has achieved notable milestones, including its recognition for ethical policies and sustainable finance initiatives. With a strong market position, The Co-operative Bank continues to serve a diverse clientele, reinforcing its reputation as a trusted provider in the competitive banking sector.
DitchCarbon Score
How does The Co-operative Bank Holdings p.l.c.'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
The Co-operative Bank Holdings p.l.c.'s score of 29 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Co-operative Bank Holdings p.l.c.'s reported carbon emissions
In 2024, The Co-operative Bank Holdings p.l.c. reported total carbon emissions of approximately 36,836,000 kg CO2e. This includes Scope 1 emissions of about 459,400 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 2,087,200 kg CO2e. The bank's Scope 3 emissions were significantly higher, totalling around 310,008,800 kg CO2e, with the largest contributions from investments (about 273,172,800 kg CO2e) and purchased goods and services (approximately 32,133,400 kg CO2e). Comparatively, in 2023, the bank's total emissions were about 55,858,700 kg CO2e, indicating a notable reduction in emissions year-on-year. The bank has set ambitious climate commitments, aiming to reduce emissions associated with suppliers, business travel, commuting, and waste by 50% by the end of 2030. Additionally, it has committed to aligning its Scope 1 and 2 direct emissions to Net Zero by 2030. The emissions data is cascaded from its parent organization, Coventry Building Society, which influences its climate initiatives and targets. The Co-operative Bank Holdings p.l.c. is actively working towards these goals, reflecting a commitment to sustainability and climate responsibility within the financial sector.
How Carbon Intensive is The Co-operative Bank Holdings p.l.c.'s Industry?
How Carbon Intensive is The Co-operative Bank Holdings p.l.c.'s Location?
The Co-operative Bank Holdings p.l.c.'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.
The Co-operative Bank Holdings p.l.c. 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.
