Our new carbon target of a 45% reduction by 2020 has been set to align RBS’s environmental strategy to climate science, and the targets set by the Paris agreement. We have used a ‘science-based’ method, aiming for a scale of reductions large enough to keep global temperature rises below 2°C.
In 2017 we reduced our total combined Scope 1, 2 and business travel emissions by 39% from a 2014 baseline. Energy use is a major contributor to emissions, and a 24% reduction since 2014 has aided our reductions. However we have also put into place a number of initiatives to reduce the intensity of our emissions, resulting in a 22% reduction in emissions per FTE.
We also get our carbon emissions independently verified each year by an external auditor.