- Speculation surrounding capital options impacting second half results
- Time-limited outflow of deposits following press speculation
- Increased cost of deposits
- Highly competitive UK banking market
- Setback in AIRB ambitions
- Higher rate environment and cost-of-living pressures impacting customer behaviour
- Increased fraud due to digitization
- Significant changes and evolution in the UK regulatory environment
- Stringent approach to capital management and MREL requirements
- Impacts of climate change
Metro Bank PLC
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Metro Bank PLC disclosed greenhouse gas emissions of 114.4K tCO2e/year (location based). By scope: Scope 1: 469 tCO2e/year; Scope 2: 2.7K tCO2e/year (location based); Scope 3: 111.2K tCO2e/year (all). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
114.4K tCO2e/year (location based)
2023
Renewable Energy
100% of total energy use (market-based Scope 2 emissions to zero)
of total energy
Waste
zero waste to landfill since 2020
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 469 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 2.7K tCO2e/year (location based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 111.2K tCO2e/year (all) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 114.4K tCO2e/year (location based) |
| 2022 | 132.4K tCO2e/year (location based) |
| 2021 | 158.8K tCO2e/year (location based) 156712 tCO2e/year (market based) |
| 2020 | 6.4K tCO2e (location based) / 3139 tCO2e (market based) |
| 2019 | 5.9K tCO2e/year |
| 2017 | 6.0K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Transition to purchasing 100% electricity from renewable sources across all stores and offices
- Sent zero waste to landfill since 2020
- Rolled out a new sustainable pen made from recycled plastic
🎯 Climate & Sustainability Targets
📅 Medium-term
- Achieve net zero carbon emissions by 2030
🔭 Long-term
- Achieve net zero carbon emissions across operations and value chain by 2050
🌱 ESG Focus Areas
Customer service and experienceFinancial inclusionSupporting vulnerable customersCommunity engagementColleague attraction, training and developmentColleague engagement, health, safety and wellbeingDiversity, equality and inclusionData privacy and cyber securityFinancial crime and fraudSupply chain engagement and responsible procurementHuman rights and modern slaveryAnti-bribery and corruptionGood governance practicesEthics and complianceRisk management and business resilienceClimate changeOperational environmental efficiencyResponsible investment and stewardshipSustainable product innovation