Close Brothers Group

Diversified Banks

CBG.L

GBX 889 (0.41)%

Share price

$ 1.6 bn

Market Cap

$ 2.4 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.03x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -8% weighted average for S&P 500

FY2022

Close Brothers Group aims to achieve net zero for Scope 1 + 2 by 2030

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Close Brothers Group reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2021 at 2.6 Kt (-0.8 /-23.4% y-o-y). Also positively, carbon intensity decreased sharply to 2.2 t (-1.4 /-38.9% y-o-y).

Close Brothers Group's Scope 3 emissions skyrocketed to 0.44 Kt (+0.16/+57% y-o-y). The growth accelerated compared to the long-term upward trend (CAGR of +25% since 2Q'19).

The company is committed to achieving net zero for Scope 1 + 2 by 2030, which translates into the estimated reduction of -0.29 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q2	2.6	1.1	1.6	0.44	1,167	2.2
2020Q2	3.4	1.8	1.6	0.28	951	3.6
2019Q2	4.4	2.3	2.1	0.22	1,085	4.1
2018Q2	5	2.5	2.5		1,048	4.8
2017Q2	6.6	3.4	3.3		1,010	6.6

Close Brothers Group

Carbon footprint

Primary Climate Goal

Close Brothers Group aims to achieve net zero for Scope 1 + 2 by 2030

GHG emissions and Carbon intensity

Close Brothers Group's carbon footprint

Company environmental metrics