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Huntington Bancshares Inc
Huntington Bancshares's GHG Emissions Data Preview
In 2024, Huntington Bancshares 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).
Huntington Bancshares 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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cVerified Sources Behind Huntington Bancshares’s Greenhouse Gas (GHG) Emissions Data
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Insights into Huntington Bancshares's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofHuntington Bancshares amounted to75,672metric 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 Huntington Bancsharesdecreased by 5.05%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
Huntington Bancshares's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Huntington Bancshares's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Huntington Bancshares were 19,134 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Huntington Bancshares reduced its Scope 1 emissions over time?
Since 2019, Huntington Bancshares's Scope 1 emissions have decreased by 30.1%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), Huntington Bancshares's Scope 1 emissions increased by 4.14%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are Huntington Bancshares's Scope 2 emissions?
In 2024, Huntington Bancshares reported Scope 2 greenhouse gas (GHG) emissions of 63,936 tCOâ‚‚e using the market-based method and 56,538 tCOâ‚‚e using the location-based method.a
Has Huntington Bancshares reduced its Scope 2 emissions over time?
Since 2019, Huntington Bancshares's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that Huntington Bancshares's emissions have plateaued with no significant change in its energy consumption footprint.ac
Compared to the previous year(2023), Huntington Bancshares's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Huntington Bancshares's emissions have plateaued with no significant change in its energy consumption footprint.ab
What methodology does Huntington Bancshares use for Scope 2 reporting?
In 2024, Huntington Bancshares reported its Scope 2 emissions using the market-based method and using the location-based method.a
Huntington Bancshares's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Huntington Bancshares's Value Chain Emissions
In 2024, Huntington Bancshares reported 1,889,875 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.b
The 2024 disclosure of Huntington Bancshares includes a breakdown across 9of 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.b
Huntington Bancshares's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Huntington Bancshares's Scope 3 emissions?
In 2024, Huntington Bancshares reported total Scope 3 emissions of 1,889,875 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).b
Approximately 11.5%of these emissions originated from upstream activities such as purchased goods and capital goods, while 88.5%came from downstream activities like product use, distribution, and end-of-life treatment.b
Has Huntington Bancshares reduced its Scope 3 emissions over time?
Since 2019, Huntington Bancshares's Scope 3 emissionshave increased by 17,449.22%, reflecting a rising long-term trend in Scope 3 emissions over time.bc
Compared to the previous year (2023), Huntington Bancshares's Scope 3 emissions remained relatively stable, indicating that Huntington Bancshares's emissions have plateaued with no significant change in its value chain footprint.ab
What categories of Scope 3 emissions does Huntington Bancshares disclose?
In 2024, Huntington Bancshares reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.b
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Huntington Bancshares's Scope 3 emissions?
In 2024, the largest contributors to Huntington Bancshares's Scope 3 emissions were:b
- Investments (Cat. 15): 1,672,560 tCOâ‚‚e(88.5%)
- Purchased Goods and Services (Cat. 1): 109,475 tCOâ‚‚e(5.79%)
- Employee Commuting (Cat. 7): 39,464 tCOâ‚‚e(2.09%)
Huntington Bancshares's Scope 3 Emissions by Categories
Insights into Huntington Bancshares’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Huntington Bancshares reported Scope 1 greenhouse gas (GHG) emissions of 19,134 tCOâ‚‚e and total revenues of USD 7,385 millions. This translates into an emissions intensity of 2.59 tCOâ‚‚e per millions USD.a
Huntington Bancshares's Scope 1 Emissions Intensity Compared to Peers
How does Huntington Bancshares's GHG emissions intensity compare to its peers?
In 2024, Huntington Bancshares reported a Scope 1 emissions intensity of 2.59 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.25, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Huntington Bancshares rank on GHG emissions intensity within its industry?
In 2024, Huntington Bancshares ranked 24 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Huntington Bancshares among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Huntington Bancshares's Total Carbon Footprint
In 2024, Huntington Bancshares reported a total carbon footprint of 1,965,547 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.63% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Huntington Bancshares's total carbon footprint was Scope 3 emissions, accounting for 96.15% of the company's total carbon footprint, followed by Scope 2 emissions at 2.88%.ab