Huntington Bancshares

Banks

HBAN

$ 13 1.3

Share price

$ 19 bn

Market Cap

$ 24 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.09x the weighted average for S&P 500

FY2020

Primary Climate Goal

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

Weaker than the -5.1% weighted average for S&P 500

FY2021

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This target is most likely outdated and the company appears to have already achieved it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

GHG emissions and Carbon intensity

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.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	60	12	48		3,767	16
2019Q4	74	14	61	11	4,380	17
2018Q4	87	14	73	10	4,275	20
2017Q4	92	14	78	5.4	4,108	22