Huntington Bancshares

Banks
HBAN
$ 13 1.3
Share price
$ 19 bn
Market Cap
$ 24 bn
Enterprise Value

Carbon footprint

2.6 Ton
GHG emissions per $ 1 mln investment
0.09x the weighted average for S&P 500
FY2020
How is this calculated?
-19%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-0.6%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

Huntington Bancshares aims to reduce Scope 1 + 2 by 41% by 2037 from a base year 2017

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
Huntington Bancshares's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Huntington Bancshares's GHG emissions (location-based) (Kt of CO2e)
Huntington Bancshares's Carbon intensity (Tons per 1 USDm)

Huntington Bancshares's carbon footprint

Huntington Bancshares reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 60 Kt (-14 /-19.1% y-o-y). Also positively, carbon intensity decreased to 16 t (-1 /-5.9% y-o-y).

Huntington Bancshares's Scope 3 emissions was up at 11 Kt (+0.3/+2.9% y-o-y). The growth has slowed compared to the trend since 4Q'17 (CAGR +26%).

The company is committed to reducing Scope 1 + 2 by 41% by 2037 from a base year 2017, which it appears to have already achieved as of 2020. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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