- Rising energy prices
- Market dynamics in the UK's electric car market
- Availability of climate data
- Lack of market-agreed carbon accounting methodologies for a small proportion of the loan book
Close Brothers Group plc
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Close Brothers Group plc disclosed greenhouse gas emissions of 43.5K tCO2e (operational). By scope: Scope 1: 2.1K tCO2e; Scope 2: 525 tCO2e; Scope 3: 40.3K tCO2e (operational). 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
43.5K tCO2e (operational)
2024
Renewable Energy
51.1%
of total energy
Energy Use
15.86 GWh
2024
📊 Emissions by Scope (2024)
| 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). | 2.1K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 525 tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 40.3K tCO2e (operational) |
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 |
|---|---|
| 2024 | 43.5K tCO2e (operational) |
| 2023 | 2.0K tCO2e (Scope 1 & 2 market-based) |
| 2022-08 to 2023-07 | 65.1K tCO2e (operational) |
| 2021 | 3.1K tCO2e |
| 2020 | 3.7K tCO2e/year (location based); 3125 tCO2e/year (market based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 41.6% reduction in Scope 1 and 2 emissions since 2019
- 51.1% renewable energy as a proportion of energy use
- 53.6% battery electric car fleet with average emissions down to 19.1 gCO2/km
- £152.4m lending for zero-emission battery electric vehicles in FY2024
🎯 Climate & Sustainability Targets
🔜 Short-term
- Advance net zero transition plan for Scope 1 and 2 emissions to 2030
- Build on climate supplier engagement strategy to address operational emissions
📅 Medium-term
- Achieve operational net zero through Scope 1 and 2 emissions by 2030
- Develop transition plan for financed emissions
- Reduce average emission intensity of cars by 41% and LCVs by 39% by 2030
🔭 Long-term
- Reach net zero emissions by 2050 across attributable GHG emissions from lending and investment portfolios
🌱 ESG Focus Areas
Climate ChangeSocial MobilityDiversity & InclusionCustomer ExperienceResponsible Lending