British Business Bank
British Business Bank, headquartered in the United States, is a prominent player in the financial intermediation services sector, specifically focusing on services excluding insurance and pension funding. Established in 2014, the bank has made significant strides in supporting small and medium-sized enterprises (SMEs) across the UK, facilitating access to finance and fostering economic growth.
The bank offers a range of unique products and services, including debt and equity finance options tailored to the needs of businesses at various stages of development. Its commitment to enhancing the financial landscape for SMEs has positioned it as a key facilitator in the market, contributing to notable achievements in increasing funding accessibility. With a strong operational presence in major UK regions, British Business Bank continues to play a vital role in driving innovation and supporting the growth of the UK economy.
+10 vs industry average
British Business Bank’s score of 47 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
British Business Bank's reported carbon emissions
The British Business Bank is committed to achieving net-zero financed emissions by 2050. As a financial institution, it has a long-term ambition to align its investment approach and portfolio management to support a net-zero future, with an initial strategy set for 2027/28.
In terms of reported emissions, for the financial year ending 2024 (reporting year 2024), the Bank reported approximately 8.45 million kg CO2e in total Scope 1 and 2 emissions. This includes purchased electricity. Scope 3 emissions for the same period amounted to approximately 8.53 million kg CO2e, primarily from purchased goods and services, with contributions from business travel and employee commutes. For 2023, the Bank reported approximately 8.53 million kg CO2e in total Scope 1 and 2 emissions, and approximately 8.37 million kg CO2e for Scope 3 emissions.
The Bank also aims for a 68% reduction on 1990 emissions levels by 2030. It is noted that the British Business Bank PLC is committed to Science Based Targets initiative (SBTi) standards, aligning with a 1.5°C pathway, with a commitment date of 01 September 2021. The organisation has no cascaded data from a parent organisation, with all disclosed data pertaining to its own operations.
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British Business Bank’s Climate Goals (2030 & 2050)
2 goals2030
68% reduction in all scopes
the UK would be committing to a 68% reduction on 1990 emissions levels by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about British Business Bank’s sustainability data and climate commitments
Data year: 2024
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