UK Finance, headquartered in Great Britain, is a leading trade association representing the financial intermediation services sector, excluding insurance and pension funding services. Founded in 2017, it emerged from the merger of several prominent financial organisations, positioning itself as a pivotal player in the UK’s financial landscape.
The organisation focuses on a range of business areas, including banking, credit, and payment services, advocating for the interests of its members while promoting innovation and best practices within the industry. UK Finance is recognised for its commitment to enhancing the financial ecosystem, providing valuable insights and data that drive strategic decision-making.
With a strong market presence, UK Finance plays a crucial role in shaping policies and regulations that impact the financial services sector, making it an essential resource for stakeholders across the industry.
-7 vs industry average
UK Finance’s score of 30 is lower than 44% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
UK Finance's reported carbon emissions
UK Finance, a leading organisation in financial intermediation services (except insurance and pension funding), based in Great Britain (GB), reported its emissions for 2023 and 2022.
For 2023, UK Finance's total reported emissions were approximately 3,693,500 kg CO2e. The breakdown includes:
- Scope 3 emissions: Approximately 3,194,500 kg CO2e for purchased goods and services, approximately 126,400 kg CO2e for employee commute, and approximately 41,700 kg CO2e for capital goods.
- Scope 1 and 2 emissions (market-based): Approximately 36,400 kg CO2e.
- Scope 1 and 2 emissions (location-based): Approximately 75,600 kg CO2e.
In 2022, UK Finance's total emissions were approximately 3,335,500 kg CO2e. This comprised:
- Scope 3 emissions: Approximately 2,767,000 kg CO2e for purchased goods and services, approximately 175,600 kg CO2e for employee commute, and approximately 151,000 kg CO2e for capital goods.
- Scope 1 and 2 emissions (market-based): Approximately 45,200 kg CO2e.
- Scope 1 and 2 emissions (location-based): Approximately 79,400 kg CO2e.
UK Finance has disclosed upstream Scope 3 categories and relies on its own reported data, indicating it does not cascade emissions data from a parent organisation. The organisation has not publicly detailed specific reduction targets or commitments within the provided information.
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UK Finance’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for UK Finance yet.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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UK Finance
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