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Close Brothers Group PLC

Common Name
Close Brothers Group
Country
United Kingdom
Sector
Financial Services
Industry
Banks - Regional
Employees
3,000
Ticker
CBG
Exchange
London Stock Exchange
Description
Close Brothers Group plc is a leading UK merchant banking group focused on delivering lending, deposit taking, wealth management services, and securities trading. Established in 1953 and headquartered...

Close Brothers Group's GHG Emissions Data Preview

In 2024, Close Brothers Group 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).

Close Brothers Group has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)20242023
Total Scope 1
2,083a
1,913a
Total Scope 2
Market-Based
525a
515a
Location-Based
1,143a
1,110a
Total Scope 3
1,475,828a
3,971,761a
Total Scope 1 Revenue Intensity (tCO2e/$M)
2.2745a
1.5958a
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Verified Sources Behind Close Brothers Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. Close Brothers Group's Annual Report 2024

Insights into Close Brothers Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Close Brothers Group amounted to 3,226 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 2023, the total operational greenhouse gas (GHG) emissions of Close Brothers Group increased by 6.72%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Close Brothers Group's Scope 1 Emissions Over Time

2023202405501.1 k1.65 k2.2 ktCO2e+9%
  • Total Scope 1
  • Year-over-Year Change

What are Close Brothers Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Close Brothers Group were 2,083 metric tons of CO₂ equivalent (tCO₂e).a

Compared to the previous year (2023), Close Brothers Group's Scope 1 emissions increased by 8.89%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Close Brothers Group's Scope 2 emissions?

In 2024, Close Brothers Group reported Scope 2 greenhouse gas (GHG) emissions of 525 tCO₂e using the market-based method and 1,143 tCO₂e using the location-based method.a

Has Close Brothers Group reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Close Brothers Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Close Brothers Group's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Close Brothers Group use for Scope 2 reporting?

In 2024, Close Brothers Group reported its Scope 2 emissions using the market-based method and using the location-based method.a

Close Brothers Group's Scope 2 Emissions Over Time

2023202403006009001.2 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Close Brothers Group's Value Chain Emissions

In 2024, Close Brothers Group reported 1,475,828 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 2024 disclosure of Close Brothers Group includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Close Brothers Group's Scope 3 Emissions Over Time

2023202401 M2 M3 M4 MtCO2e-63%
  • Total Scope 3
  • Year-over-Year Change

What are Close Brothers Group's Scope 3 emissions?

In 2024, Close Brothers Group reported total Scope 3 emissions of 1,475,828 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 2.73% of these emissions originated from upstream activities such as purchased goods and capital goods, while 97.27% came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2023), Close Brothers Group's Scope 3 emissions decreased by 62.84%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does Close Brothers Group disclose?

In 2024, Close Brothers Group reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Close Brothers Group's Scope 3 emissions?

In 2024, the largest contributors to Close Brothers Group's Scope 3 emissions were:a

  • Investments (Cat. 15): 1,435,576 tCO₂e (97.27%)
  • Purchased Goods and Services (Cat. 1): 24,124 tCO₂e (1.63%)
  • Capital Goods (Cat. 2): 9,507 tCO₂e (0.64%)

Close Brothers Group's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(1.6%)Investments(Cat. 15)(97.3%)

Insights into Close Brothers Group’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Close Brothers Group reported Scope 1 greenhouse gas (GHG) emissions of 2,083 tCO₂e and total revenues of USD 916 millions. This translates into an emissions intensity of 2.27 tCO₂e per millions USD.a

Close Brothers Group's Scope 1 Emissions Intensity Compared to Peers

1050020,0001,000,00050,000,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)OberbankYear: 2024Scope 1: 1,455 tCO2eRevenue: $M 960Scope 1 Intensity: 1.52 tCO2e/$MBank PermataYear: 2024Scope 1: 532 tCO2eRevenue: $M 752Scope 1 Intensity: 0.71 tCO2e/$MSCSBYear: 2024Scope 1: 2,332 tCO2eRevenue: $M 1,561Scope 1 Intensity: 1.49 tCO2e/$MLuzerner KantonalbankYear: 2024Scope 1: 476 tCO2eRevenue: $M 731Scope 1 Intensity: 0.65 tCO2e/$MKakaoBankYear: 2024Scope 1: 59 tCO2eRevenue: $M 1,039Scope 1 Intensity: 0.06 tCO2e/$MBanca GeneraliYear: 2023Scope 1: 433 tCO2eRevenue: $M 1,017Scope 1 Intensity: 0.43 tCO2e/$MRakuten BankYear: 2023Scope 1: 8,407,135 tCO2eRevenue: $M 605Scope 1 Intensity: 13,905.34 tCO2e/$MShinkin Central BankYear: 2024Scope 1: 1,367 tCO2eRevenue: $M 1,548Scope 1 Intensity: 0.88 tCO2e/$MBank BJBYear: 2024Scope 1: 5,980 tCO2eRevenue: $M 535Scope 1 Intensity: 11.18 tCO2e/$MAlbaraka Turk Katilim BankasiYear: 2023Scope 1: 4,147 tCO2eRevenue: $M 624Scope 1 Intensity: 6.65 tCO2e/$MBasler KantonalbankYear: 2024Scope 1: 286 tCO2eRevenue: $M 733Scope 1 Intensity: 0.39 tCO2e/$MTSKBYear: 2024Scope 1: 628 tCO2eRevenue: $M 482Scope 1 Intensity: 1.30 tCO2e/$MThurgauer KantonalbankYear: 2024Scope 1: 210 tCO2eRevenue: $M 477Scope 1 Intensity: 0.44 tCO2e/$MKarnataka BankYear: 2024Scope 1: 17 tCO2eRevenue: $M 556Scope 1 Intensity: 0.03 tCO2e/$MBTNYear: 2023Scope 1: 7,282 tCO2eRevenue: $M 1,062Scope 1 Intensity: 6.85 tCO2e/$MSouth Indian BankYear: 2023Scope 1: 201 tCO2eRevenue: $M 980Scope 1 Intensity: 0.21 tCO2e/$MBanco ABC BrasilYear: 2024Scope 1: 39 tCO2eRevenue: $M 396Scope 1 Intensity: 0.10 tCO2e/$MBank Pan IndonesiaYear: 2024Scope 1: 270,110 tCO2eRevenue: $M 639Scope 1 Intensity: 422.54 tCO2e/$MNationwide Building SocietyYear: 2025Scope 1: 3,128 tCO2eRevenue: $M 9,684Scope 1 Intensity: 0.32 tCO2e/$MMetro BankYear: 2024Scope 1: 122 tCO2eRevenue: $M 509Scope 1 Intensity: 0.24 tCO2e/$MLion Finance GroupYear: 2024Scope 1: 3,046 tCO2eRevenue: $M 369Scope 1 Intensity: 8.27 tCO2e/$MSage GroupYear: 2024Scope 1: 1,399 tCO2eRevenue: $M 3,121Scope 1 Intensity: 0.45 tCO2e/$MNatWest GroupYear: 2024Scope 1: 9,402 tCO2eRevenue: $M 18,388Scope 1 Intensity: 0.51 tCO2e/$MLloyds Banking GroupYear: 2024Scope 1: 20,441 tCO2eRevenue: $M 23,345Scope 1 Intensity: 0.88 tCO2e/$MClose Brothers GroupYear: 2024Scope 1: 2,083 tCO2eRevenue: $M 916Scope 1 Intensity: 2.27 tCO2e/$M

How does Close Brothers Group's GHG emissions intensity compare to its peers?

In 2024, Close Brothers Group reported a Scope 1 emissions intensity of 2.27 tCO₂e per millions USD. Compared to the peer group median of 0.68, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Close Brothers Group rank on GHG emissions intensity within its industry?

In 2024, Close Brothers Group ranked 19 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Close Brothers Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Close Brothers Group's Total Carbon Footprint

In 2024, Close Brothers Group reported a total carbon footprint of 1,479,054 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 62.79% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Close Brothers Group's total carbon footprint was Scope 3 emissions, accounting for 99.78% of the company's total carbon footprint, followed by Scope 1 emissions at 0.14%.a

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