In 2023, BFF Bank completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
BFF Bank has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 99a | 165a | 190a | |
Total Scope 2 | ||||
Market-Based | 999a | N/A | N/A | |
Location-Based | 863a | 706a | 595a | |
Total Scope 3 | 230a | 74a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.2043a | 0.3728a | 0.5563a |
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In 2023, the total operational greenhouse gas (GHG) emissions of BFF Bank amounted to 962 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of BFF Bank increased by 10.45%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of BFF Bank were 99 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, BFF Bank's Scope 1 emissions have decreased by 47.89%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), BFF Bank's Scope 1 emissions decreased by 40%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2023, BFF Bank reported Scope 2 greenhouse gas (GHG) emissions of 999 tCO₂e using the market-based method and 863 tCO₂e using the location-based method.a
Since 2021, BFF Bank's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 45.04%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2022), BFF Bank's Scope 2 emissions (Location-Based) rose by 22.24% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2023, BFF Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2023, BFF Bank reported 230 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of BFF Bank includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2023, BFF Bank reported total Scope 3 emissions of 230 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), BFF Bank's Scope 3 emissions increased by 210.81%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2023, BFF Bank reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2023, the largest contributors to BFF Bank's Scope 3 emissions were:a
In 2023, BFF Bank reported Scope 1 greenhouse gas (GHG) emissions of 99 tCO₂e and total revenues of USD 485 millions. This translates into an emissions intensity of 0.2 tCO₂e per millions USD.a
In 2023, BFF Bank reported a Scope 1 emissions intensity of 0.2 tCO₂e per millions USD. Compared to the peer group median of 0.6, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, BFF Bank ranked 7 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
BFF Bank is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, BFF Bank reported a total carbon footprint of 1,192 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 26.14% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to BFF Bank's total carbon footprint was Scope 2 emissions, accounting for 72.4% of the company's total carbon footprint, followed by Scope 3 emissions at 19.3%.a