British Business Bank Sustainability Profile
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.
DitchCarbon Score
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.
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
British Business Bank's score of 40 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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British Business Bank's reported carbon emissions
In 2024, the British Business Bank reported total carbon emissions of approximately 8,449,010 kg CO2e. This figure includes 76,500 kg CO2e from Scope 2 emissions, primarily from purchased electricity, and 8,372,510 kg CO2e from Scope 3 emissions, which encompass business travel (180,800 kg CO2e), employee commuting (309,600 kg CO2e), and purchased goods and services (7,824,200 kg CO2e). In 2023, the Bank's total emissions were about 8,532,600 kg CO2e, with Scope 2 emissions at 70,600 kg CO2e and Scope 3 emissions contributing significantly at 8,507,100 kg CO2e. Notably, the Bank has set ambitious climate commitments, including a target to achieve net zero financed emissions by 2050, with an initial Portfolio Alignment Strategy to be developed by 2027/28. The British Business Bank is committed to a 68% reduction in emissions from 1990 levels by 2030, as part of its near-term reduction initiatives. Additionally, it has committed to the Science Based Targets initiative (SBTi) and is actively working towards aligning its operations with net zero principles. Overall, the Bank's emissions data reflects a significant reliance on Scope 3 emissions, highlighting the importance of addressing indirect emissions in its climate strategy.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 65,700 | 00,000 | 00,000 |
| Scope 3 | 75,300 | 0,000,000 | 0,000,000 |
How Carbon Intensive is British Business Bank's Industry?
How Carbon Intensive is British Business Bank's Location?
British Business Bank's Scope 3 Categories Breakdown
British Business Bank's Scope 3 emissions, which decreased by 1% last year and increased significantly since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Purchased Goods and Services" being the largest emissions source at 94% of Scope 3 emissions.
Top Scope 3 Categories
British Business Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
British Business Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about British Business Bank's sustainability data and climate commitments