Bank Of England
The Bank of England, often referred to simply as the BoE, is the central bank of the United Kingdom, headquartered in London, GB. Established in 1694, it plays a pivotal role in the UK’s financial system, overseeing monetary policy, issuing banknotes, and maintaining financial stability. The Bank's core services include setting interest rates, managing inflation, and regulating the banking sector, which are essential for fostering economic growth. With a rich history marked by significant milestones, such as the introduction of the inflation targeting framework in the 1990s, the Bank of England has solidified its position as a leading authority in the global financial landscape. Its unique approach to monetary policy and commitment to transparency have earned it a reputation for reliability and trustworthiness, making it a cornerstone of the UK economy.
DitchCarbon Score
How does Bank Of England'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
Bank Of England's score of 48 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Of England's reported carbon emissions
In 2024, the Bank of England reported total carbon emissions of approximately 78,919,000 kg CO2e. This figure includes Scope 1 emissions of about 2,186,000 kg CO2e, which arise from mobile combustion, fugitive emissions, and stationary combustion. Notably, the Bank's Scope 2 emissions were reported as zero, indicating no emissions from purchased electricity. The Bank's Scope 3 emissions totalled around 57,000,000 kg CO2e, with significant contributions from capital goods (about 10,703,000 kg CO2e), business travel (approximately 3,874,000 kg CO2e), and employee commuting (about 3,234,000 kg CO2e). In 2023, the Bank's total emissions were approximately 99,291,000 kg CO2e, with Scope 1 emissions at about 2,229,000 kg CO2e and Scope 3 emissions reaching around 15,046,000 kg CO2e. This indicates a notable reduction in total emissions from 2023 to 2024. The Bank of England has committed to achieving net-zero carbon emissions across all scopes by 2040, as part of its long-term strategy initiated in 2016. This commitment reflects the Bank's proactive approach to addressing climate change and reducing its carbon footprint from physical operations.
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| 2015 | 2016 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,045,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 5,563,000 | 0,000,000 | - | - | - | - |
| Scope 3 | 11,519,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Bank Of England is not participating in any of the initiatives that 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.
