Bank Of Scotland Sustainability Profile
Bank of Scotland, a prominent financial institution headquartered in Edinburgh, GB, has been serving customers since its establishment in 1695. As one of the oldest banks in the UK, it has played a significant role in the evolution of the banking industry, particularly in Scotland and across the UK. Operating primarily in retail and commercial banking, Bank of Scotland offers a diverse range of products and services, including personal and business accounts, mortgages, and loans. Its commitment to customer service and innovative banking solutions sets it apart in a competitive market. With a strong market position, Bank of Scotland has achieved notable milestones, including its integration into the Lloyds Banking Group in 2009, enhancing its operational capabilities. The bank continues to be a trusted choice for individuals and businesses seeking reliable financial services.
DitchCarbon Score
How does Bank Of Scotland'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 Scotland's score of 35 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Bank Of Scotland's reported carbon emissions
In 2017, Bank of Scotland reported total carbon emissions of approximately 27,172,000 kg CO2e for Scope 1, 76,197,000 kg CO2e for Scope 2 (market-based), and 68,452,000 kg CO2e for Scope 3, specifically from business travel. The bank's emissions data is cascaded from its parent company, Bank of Scotland plc, reflecting its commitment to transparency in environmental reporting. The previous year, 2016, saw emissions of about 29,131,000 kg CO2e for Scope 1, 159,629,000 kg CO2e for Scope 2 (market-based), and 89,036,000 kg CO2e for Scope 3. In 2014, emissions were reported at approximately 36,857,000 kg CO2e for Scope 1, 391,105,000 kg CO2e for Scope 2 (market-based), and 105,352,000 kg CO2e for Scope 3. Despite these figures, Bank of Scotland has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets indicates a need for further commitment to climate action within the banking sector. The bank's emissions data highlights the importance of addressing both direct and indirect emissions to align with global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2014 | 2016 | 2017 | |
|---|---|---|---|
| Scope 1 | 36,857,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 391,105,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 105,352,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Bank Of Scotland's Industry?
How Carbon Intensive is Bank Of Scotland's Location?
Bank Of Scotland's Scope 3 Categories Breakdown
Bank Of Scotland's Scope 3 emissions, which decreased by 23% last year and decreased by approximately 35% since 2014, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 40% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Bank Of Scotland'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.
Bank Of Scotland 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.
