British Business Bank, headquartered in the United States, is a pivotal player in the UK’s financial landscape, dedicated to supporting small and medium-sized enterprises (SMEs). Established in 2014, the bank has made significant strides in enhancing access to finance for businesses across the UK, with a focus on regions such as London, the Midlands, and the North. Operating within the financial services industry, British Business Bank offers a range of core products, including debt and equity finance solutions, which are tailored to meet the unique needs of SMEs. Its innovative approach to funding, combined with a commitment to fostering economic growth, positions the bank as a leader in the market. Notable achievements include facilitating billions in funding, thereby reinforcing its role as a catalyst for business development and job creation in the UK.
How does British Business Bank'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.
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.
British Business Bank's score of 26 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, the British Business Bank reported total carbon emissions of approximately 8,532,600 kg CO2e, with Scope 2 emissions accounting for about 70,600 kg CO2e. The majority of their emissions stem from Scope 3, particularly from purchased goods and services, which contributed approximately 8,037,800 kg CO2e, alongside significant contributions from employee commuting (about 236,800 kg CO2e) and business travel (approximately 132,600 kg CO2e). The bank has committed to achieving net-zero emissions across all scopes by 2050, aligning with the Science Based Targets initiative (SBTi). This long-term commitment reflects their dedication to reducing their carbon footprint and addressing climate change. The British Business Bank's emissions data indicates a substantial reliance on Scope 3 emissions, highlighting the importance of engaging with suppliers and stakeholders to drive reductions in their value chain. Overall, the British Business Bank is actively working towards its climate commitments, with a clear focus on reducing emissions and contributing to a sustainable future.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Scope 1 | - | - | - | - |
Scope 2 | 138,000 | 00,000 | 00,000 | 00,000 |
Scope 3 | 120,300 | 00,000 | 0,000,000 | 0,000,000 |
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.
British Business Bank is committed to some reduction initiatives 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.