Bank Of Scotland
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 32 is higher than 82% 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 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 emissions related to business travel. The total Scope 1 and 2 emissions combined amounted to about 103,369,000 kg CO2e. Comparatively, in 2016, the bank's emissions were approximately 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. This indicates a slight reduction in Scope 1 emissions and a significant decrease in Scope 3 emissions from 2016 to 2017. In 2014, the emissions were higher, with Scope 1 at approximately 36,857,000 kg CO2e, Scope 2 (market-based) at 391,105,000 kg CO2e, and Scope 3 at 105,352,000 kg CO2e. Despite these figures, Bank of Scotland has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's emissions data reflects its ongoing efforts to monitor and manage its carbon footprint, but further commitments to reduction strategies are not detailed.
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| 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 |
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 Scotland 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.
