Close Brothers Sustainability Profile
Close Brothers Group plc, commonly known as Close Brothers, is a prominent financial services company headquartered in Great Britain. Established in 1878, the firm has built a strong reputation in the banking and investment sectors, with significant operations across the UK and Ireland. Specialising in lending, asset management, and securities trading, Close Brothers offers a range of unique financial solutions tailored to meet the needs of businesses and individuals. Their commitment to customer service and expertise has positioned them as a trusted partner in the financial industry. With a history marked by resilience and innovation, Close Brothers has achieved notable milestones, including consistent growth and a strong market presence. Their dedication to providing bespoke financial services continues to set them apart in a competitive landscape.
DitchCarbon Score
How does Close Brothers'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
Close Brothers's score of 66 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Close Brothers's reported carbon emissions
In 2025, Close Brothers reported total carbon emissions of approximately 1,303,568,000 kg CO2e in Great Britain, with emissions distributed across various scopes: 261,000 kg CO2e (Scope 1), 609,000 kg CO2e (Scope 2), and 32,919,000 kg CO2e (Scope 3). The total emissions for Scope 1 and 2 combined reached about 2,153,000 kg CO2e. Close Brothers has set ambitious climate commitments, including a target to achieve net zero emissions for its company car fleet by 2025 and to become operationally net zero for Scope 1 and 2 emissions by 2030. As of 2023, the company has achieved a significant reduction of approximately 54.7% in its Scope 1 and 2 emissions since 2019, demonstrating progress towards its long-term goals. Additionally, as a signatory to the Net Zero Banking Alliance (NZBA), Close Brothers commits to aligning its lending and investment portfolios with net zero pathways by 2050. The company has disclosed its emissions data and reduction targets transparently, reflecting its commitment to sustainability and climate action.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,307,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,107,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 224,000 | 000,000 | 000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Close Brothers's Industry?
How Carbon Intensive is Close Brothers's Location?
Close Brothers's Scope 3 Categories Breakdown
Close Brothers's Scope 3 emissions, which decreased by 27% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 60% of Scope 3 emissions.
Top Scope 3 Categories
Close Brothers'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.
Close Brothers has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
