In 2024, Metro 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).
Metro Bank 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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 122a | 469a | 179a | |
Total Scope 2 | ||||
Market-Based | 32a | N/A | N/A | |
Location-Based | 2,532a | 2,705a | 2,855a | |
Total Scope 3 | 72,670a | 111,205a | 129,363a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.2399a | 0.5676a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Metro Bank amounted to 2,654 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 Metro Bank decreased by 16.38%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Metro Bank were 122 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Metro Bank's Scope 1 emissions have decreased by 61.76%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Metro Bank's Scope 1 emissions decreased by 73.99%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Metro Bank reported Scope 2 greenhouse gas (GHG) emissions of 32 tCO₂e using the market-based method and 2,532 tCO₂e using the location-based method.a
Since 2019, Metro Bank's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 40.38%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Metro Bank's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Metro Bank's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Metro Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Metro Bank reported 72,670 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 Metro Bank 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
In 2024, Metro Bank reported total Scope 3 emissions of 72,670 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 59.2% of these emissions originated from upstream activities such as purchased goods and capital goods, while 40.8% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Metro Bank's Scope 3 emissions have decreased by 70.81%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Metro Bank's Scope 3 emissions decreased by 34.65%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Metro Bank 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.
In 2024, the largest contributors to Metro Bank's Scope 3 emissions were:a
In 2024, Metro Bank reported Scope 1 greenhouse gas (GHG) emissions of 122 tCO₂e and total revenues of USD 509 millions. This translates into an emissions intensity of 0.24 tCO₂e per millions USD.a
In 2024, Metro Bank reported a Scope 1 emissions intensity of 0.24 tCO₂e per millions USD. Compared to the peer group median of 0.76, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Metro Bank ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Metro Bank is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Metro Bank reported a total carbon footprint of 75,324 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 34.15% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Metro Bank's total carbon footprint was Scope 3 emissions, accounting for 96.48% of the company's total carbon footprint, followed by Scope 2 emissions at 3.36%.a