British Business Bank
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 27 is higher than 51% 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 2023, the British Business Bank reported total carbon emissions of approximately 8,532,600 kg CO2e. This figure includes Scope 2 emissions from purchased electricity, which accounted for about 70,600 kg CO2e, and Scope 3 emissions, which comprised business travel (132,600 kg CO2e), employee commute (236,800 kg CO2e), purchased goods and services (8,037,500 kg CO2e), and waste generated in operations (500 kg CO2e). The Bank has set ambitious climate commitments, 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 five-year programme to align their products and reporting with a net zero future by 2028. The British Business Bank is committed to the Science Based Targets initiative (SBTi) and has pledged to submit their targets by September 2023, reinforcing their dedication to sustainable practices within the financial sector.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
British Business Bank is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
