Huntington Bancshares Inc

Common Name
Huntington Bancshares
Country
United States
Sector
Financial Services
Industry
Banks - Regional
Employees
20,092
Ticker
HBAN
Exchange
NASDAQ/NGS
Description
Huntington Bancshares Incorporated is a diversified bank holding company based in Columbus, Ohio, serving as the parent organization for The Huntington National Bank. Founded in 1866, the company prov...

Huntington Bancshares's GHG Emissions Data Preview

In 2023, 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).

However, Huntington Bancshares has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Huntington Bancshares's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Huntington Bancshares amounted to 67,124 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Huntington Bancshares decreased by 7.08%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Huntington Bancshares's Scope 1 Emissions Over Time

20182019202020212022202307 k14 k21 k28 ktCO2e-1%-13%-48%+45%-9%
  • Total Scope 1
  • Year-over-Year Change

What are Huntington Bancshares's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Huntington Bancshares were 16,331 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Huntington Bancshares reduced its Scope 1 emissions over time?

Since 2018, Huntington Bancshares's Scope 1 emissions have decreased by 40.95%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Huntington Bancshares's Scope 1 emissions decreased by 8.74%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Huntington Bancshares's Scope 2 emissions?

In 2023, Huntington Bancshares reported Scope 2 greenhouse gas (GHG) emissions of 50,793 tCOâ‚‚e using the location-based method.

Has Huntington Bancshares reduced its Scope 2 emissions over time?

Since 2018, Huntington Bancshares's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 30.58%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), 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.

What methodology does Huntington Bancshares use for Scope 2 reporting?

In 2023, Huntington Bancshares reported its Scope 2 emissions using the location-based method.

Huntington Bancshares's Scope 2 Emissions Over Time

201820192020202120222023025 k50 k75 k100 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Huntington Bancshares's Value Chain Emissions

In 2023, Huntington Bancshares reported 1,798,928 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Huntington Bancshares includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 9 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.

Huntington Bancshares's Scope 3 Emissions Over Time

2018201920202021202220230500 k1 M1.5 M2 MtCO2e+3%+671%+36%+1547%-3%
  • Total Scope 3
  • Year-over-Year Change

What are Huntington Bancshares's Scope 3 emissions?

In 2023, Huntington Bancshares reported total Scope 3 emissions of 1,798,928 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Huntington Bancshares reduced its Scope 3 emissions over time?

Since 2018, Huntington Bancshares's Scope 3 emissions have increased by 17,091.59%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), 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.

Insights into Huntington Bancshares's Total Carbon Footprint

In 2023, Huntington Bancshares reported a total carbon footprint of 1,866,052 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.28% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Huntington Bancshares's total carbon footprint was Scope 3 emissions, accounting for 96.4% of the company's total carbon footprint, followed by Scope 2 emissions at 2.72%.

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