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OrganisationsBank Of Scotland
Bank Of Scotland logo

Bank Of Scotland

Financial IntermediationUnited Kingdom
Last verified 17 days agobankofscotland.co.uk

Bank of Scotland, a prominent player in the financial intermediation services sector, is headquartered in Great Britain. Established in 1695, it has a rich history marked by significant milestones, including its merger with Halifax in 2001, which solidified its position in the UK banking landscape.

The bank offers a diverse range of core products and services, including personal and business banking, mortgages, and investment solutions, distinguished by their customer-centric approach and innovative digital offerings. With a strong presence across Scotland and the wider UK, Bank of Scotland is recognised for its commitment to community engagement and sustainable finance.

As a key institution in the financial services industry, it continues to uphold a reputation for reliability and trust, making it a preferred choice for individuals and businesses alike.

40
DitchCarbon score

+3 vs industry average

Bank Of Scotland’s score of 40 is higher than 55% 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

Very Low

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.096
20182025

The Financial Intermediation industry has reduced its overall emissions by 33% since 2018

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Bank Of Scotland's reported carbon emissions

Bank of Scotland, headquartered in GB and operating in financial intermediation services, reported a total of approximately 104.8 billion kg CO2e in emissions for the year 2017. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Specifically, in 2017, Scope 1 emissions were about 27.2 million kg CO2e. Scope 2 emissions, using the market-based approach, amounted to approximately 76.2 million kg CO2e, while the location-based approach for Scope 2 reported about 216 million kg CO2e. Scope 3 emissions for business travel were approximately 68.5 million kg CO2e.

In the preceding year, 2016, total emissions were approximately 117.2 billion kg CO2e. Scope 1 emissions for 2016 were about 29.1 million kg CO2e. Scope 2 emissions, market-based, were approximately 159.6 million kg CO2e, and location-based Scope 2 emissions were about 270.5 million kg CO2e. Scope 3 emissions from business travel in 2016 were approximately 89 million kg CO2e.

For 2014, total emissions were approximately 133.8 billion kg CO2e. Scope 1 emissions were about 36.9 million kg CO2e. Scope 2 emissions, market-based, were approximately 391.1 million kg CO2e, and location-based Scope 2 emissions were about 370.4 million kg CO2e. Scope 3 emissions from business travel were approximately 105.4 million kg CO2e.

Bank of Scotland's emissions data is cascaded from its ultimate parent organization, Lloyds Banking Group plc, at cascade level 3, indicating it is a current subsidiary. While specific reduction targets for Bank of Scotland are not detailed, Lloyds Banking Group plc is a signatory to RE100, committing to 100% renewable electricity. The provided information does not include specific SBTi reduction targets or a climate pledge for Bank of Scotland.

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Bank Of Scotland’s Climate Goals (2030 & 2050)

No climate goals have been disclosed for Bank Of Scotland yet.

Scope 3 top emissions categories

1 of 15 categories disclosed
Business Travel100%
Business Travel100%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Not active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

Inherited from Lloyds Banking Group plc
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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Bank Of Scotland logoBank Of Scotland
GBFinancial Intermediation
17 days ago
40
Standard Chartered PLC logoStandard Chartered PLC
GBFinancial Intermediation
9 days ago
100
View
Hsbc Holdings logoHsbc Holdings
GBCommercial Banking
9 days ago
100
View
Ubs logoUbs
CHFinancial Intermediation
4 days ago
100
View
Natwest logoNatwest
GBCommercial Banking
4 days ago
94
View
Deutsche Bank logoDeutsche Bank
DEBusiness Services
9 days ago
85
View
American Express logoAmerican Express
USFinancial Intermediation
4 days ago
84
View

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Ditchcarbonv260716.3
[email protected]+44 203 475 7875

Ditch Carbon Ltd

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London W1W 5PF

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