Metro Bank
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 69 is higher than 83% 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. The breakdown of emissions includes Scope 1 emissions of about 122,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of about 32,000 kg CO2e (market-based). In 2023, the bank's total emissions were approximately 111,674,000 kg CO2e, with Scope 1 emissions at about 469,000 kg CO2e and Scope 2 emissions at approximately 2,705,000 kg CO2e. The Scope 3 emissions for that year were around 111,205,000 kg CO2e, indicating a substantial reliance on indirect emissions. Metro Bank's emissions data is cascaded from its parent company, Metro Bank Holdings PLC, which provides a comprehensive view of the bank's carbon footprint. Despite the detailed emissions reporting, there are currently no specific reduction targets or climate pledges outlined in their initiatives. The bank's emissions intensity was reported at about 5,830 kg CO2e per million GBP in revenue for 2024, reflecting the ongoing challenge of balancing growth with sustainability. As a current subsidiary of Metro Bank Holdings PLC, Metro Bank is positioned to align its climate commitments with broader corporate sustainability goals.
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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 |
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.
Metro Bank is not participating in any 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.
