Metro Bank Sustainability Profile
Metro Bank PLC, commonly known as Metro Bank, is a prominent retail bank headquartered in Great Britain. Established in 2010, it has rapidly gained recognition for its innovative approach to banking, focusing on customer service and convenience. With a strong presence in London and the South East, Metro Bank operates within the financial services industry, offering a range of core products including personal and business accounts, loans, and mortgages. What sets Metro Bank apart is its commitment to providing a unique banking experience, characterised by extended opening hours and a customer-centric ethos. The bank has achieved significant milestones, including being the first new high street bank in the UK in over 100 years. With a growing customer base and a reputation for transparency and accessibility, Metro Bank continues to strengthen its position in the competitive banking landscape.
DitchCarbon Score
How does Metro 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
Metro Bank's score of 72 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Metro Bank's reported carbon emissions
In 2024, Metro Bank reported total carbon emissions of approximately 72,824,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 72,670,000 kg CO2e. Scope 1 emissions were about 122,000 kg CO2e, while Scope 2 emissions totalled approximately 32,000 kg CO2e. This represents a notable decrease from 2023, where total emissions were approximately 111,674,000 kg CO2e, with Scope 3 emissions at about 111,205,000 kg CO2e. Metro Bank's emissions data is cascaded from its parent company, Metro Bank Holdings PLC, indicating a corporate family relationship. The bank has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges, and there are no documented reduction initiatives currently in place. The bank's emissions intensity was reported at about 5,830 kg CO2e per million GBP in revenue for 2024, reflecting its operational impact. Metro Bank continues to disclose emissions across all three scopes, demonstrating transparency in its climate reporting.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,160,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 5,044,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
How Carbon Intensive is Metro Bank's Industry?
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Metro Bank's Scope 3 Categories Breakdown
Metro Bank's Scope 3 emissions, which decreased by 35% last year and decreased by approximately 71% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 51% of Scope 3 emissions.
Top Scope 3 Categories
Metro 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.
Metro Bank 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.
