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 46 is higher than 65% 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 Scope 2 emissions from purchased electricity, which accounted for about 76,500 kg CO2e, and significant Scope 3 emissions, primarily from purchased goods and services (approximately 7,824,200 kg CO2e), business travel (about 180,800 kg CO2e), and employee commuting (approximately 309,600 kg CO2e). In 2023, the Bank's total emissions were slightly higher at approximately 8,532,600 kg CO2e, with similar patterns in Scope 2 and Scope 3 emissions. The Bank has not disclosed any Scope 1 emissions data. The British Business Bank is committed to significant climate action, aiming for a 68% reduction in emissions from 1990 levels by 2030. Additionally, they are developing a Portfolio Alignment Strategy to achieve net zero financed emissions by 2050, with an initial investment approach set for 2027/28. The Bank has committed to the Science Based Targets initiative (SBTi) and is on track to submit its targets by September 2023. Overall, the British Business Bank is actively working towards reducing its carbon footprint and aligning its operations with long-term sustainability goals.
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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.
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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