Co Operative Bank
The Co-operative Bank, headquartered in Manchester, GB, is a prominent player in the UK banking sector, known for its ethical banking practices and commitment to customer service. Founded in 1872, the bank has evolved significantly, achieving key milestones such as becoming the first UK bank to adopt a customer-led ethical policy in 1992. Operating primarily in the retail banking industry, the Co-operative Bank offers a range of core products and services, including personal and business accounts, mortgages, and loans. What sets the bank apart is its dedication to ethical finance, ensuring that customers' money is used in socially responsible ways. With a strong market position, the Co-operative Bank continues to be recognised for its commitment to sustainability and community-focused initiatives, making it a unique choice for conscientious consumers.
DitchCarbon Score
How does Co Operative 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
Co Operative Bank's score of 60 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Co Operative Bank's reported carbon emissions
In 2023, The Co-operative Bank p.l.c. reported total carbon emissions of approximately 360,422,000 kg CO2e, with emissions distributed across all three scopes: 684,700 kg CO2e (Scope 1), 1,541,600 kg CO2e (Scope 2), and 358,422,000 kg CO2e (Scope 3). This represents a slight decrease in Scope 3 emissions from 2022, which were about 360,717,500 kg CO2e. The bank's emissions data is cascaded from its parent organization, The Co-operative Bank Holdings p.l.c., and is part of a broader commitment to sustainability. However, there are currently no specific reduction targets or initiatives disclosed, such as those from the Science Based Targets initiative (SBTi) or other climate pledges. The Co-operative Bank's emissions have shown fluctuations over the years, with Scope 1 emissions decreasing from 968,900 kg CO2e in 2021 to 684,700 kg CO2e in 2023, and Scope 2 emissions slightly decreasing from 1,581,700 kg CO2e in 2022 to 1,541,600 kg CO2e in 2023. The bank's commitment to addressing climate change is evident, but further details on specific reduction strategies or targets are not available at this time.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,682,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,061,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 423,000 | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Co Operative 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.
