We have set a carbon target of 45% reduction by 2020 to align RBS’s environmental strategy with climate science, and the decarbonisation required to achieve the international Paris climate agreement. In doing so, we have used a science-based method, aiming for a scale of reductions large enough to keep global temperature rises below 2°C.
In 2018 we reduced our total combined Scope 1, 2 and business travel emissions by 49% against a 2014 baseline. Energy use is a major contributor to emissions, and we have seen a 28% reduction in our energy use since 2014.
As can be seen from the 2018 environmental performance table above, our Scope 1 emissions for 2018 have increased. This can be attributed to an increase in ozone-depleting gas consumption; 2017 saw a 71% decrease against the 2014 baseline due to fewer top-ups of refrigerant versus 2018. However, if the average consumption figure over the 2 years is taken, a 3% reduction can be observed against a 2014 baseline.
Our carbon emissions are independently verified each year by an external auditor.