British Business Bank

British Business Bank, a financial intermediation services provider, reported approximately 8,449,010 kg CO2e in total emissions for 2024. This figure includes Scope 2 emissions of about 76,500 kg CO2e, primarily from purchased electricity, and Scope 3 emissions totalling around 8,315,300 kg CO2e. Key Scope 3 contributors were purchased goods and services (approximately 7,824,200 kg CO2e), employee commuting (around 309,600 kg CO2e), and business travel (approximately 180,800 kg CO2e).

In 2023, the Bank's total emissions were about 8,532,600 kg CO2e, comprising Scope 2 emissions of roughly 70,600 kg CO2e and Scope 3 emissions of around 8,407,400 kg CO2e. For 2022, total reported emissions were significantly lower at approximately 155,400 kg CO2e, with Scope 2 emissions of about 65,700 kg CO2e and Scope 3 emissions of around 75,300 kg CO2e. Please note that Scope 3 emissions for purchased goods and services were not disclosed for 2022. No specific emissions data is available for 2025, 2021, 2018, or 2017.

British Business Bank has committed to ambitious climate targets. The UK has a target to achieve a 68% reduction in emissions by 2030, compared to 1990 levels. The Bank is also working towards net-zero financed emissions by 2050, as outlined in its Portfolio Alignment Strategy for 2027/28. This strategy details a five-year programme to align its products, delivery partners, and reporting with a net-zero future. British Business Bank is recognised by the Science Based Targets initiative (SBTi) as having committed to net-zero and its 1.5°C target for financial institutions.