British Business Bank

British Business Bank's reported carbon emissions

The British Business Bank, based in the UK and operating in financial intermediation services, has outlined its climate commitments and reported on its emissions. For the reporting year 2024, the bank reported a total of approximately 8.45 million kg CO2e. This figure includes Scope 2 emissions from purchased electricity totalling approximately 76,500 kg CO2e, and Scope 3 emissions amounting to about 8.26 million kg CO2e. Within Scope 3, the largest contributors were purchased goods and services (approximately 7.82 million kg CO2e), employee commute (approximately 309,600 kg CO2e), and business travel (approximately 180,800 kg CO2e). Waste generated in operations contributed approximately 700 kg CO2e. In the preceding year, 2023, the bank's total emissions were approximately 8.53 million kg CO2e. Scope 2 emissions from purchased electricity were around 70,600 kg CO2e, and Scope 3 emissions totalled about 8.46 million kg CO2e. The breakdown for Scope 3 included purchased goods and services (approximately 8.04 million kg CO2e), employee commute (approximately 236,800 kg CO2e), and business travel (approximately 132,600 kg CO2e). Waste generated in operations accounted for approximately 500 kg CO2e. The British Business Bank has set a long-term commitment to achieve net zero financed emissions by 2050, with an initial Portfolio Alignment Strategy set to guide its approach until 2027/28. Additionally, the bank is working towards aligning its products, delivery partners, and reporting with a net zero future by 2028. The bank also references the UK's national commitment to a 68% reduction in emissions from 1990 levels by 2030. Emissions data for 2025 is not yet available, and for the years 2017, 2018, and 2021, no specific emissions data was disclosed. Emissions data is not cascaded from a parent organisation.