Page 17 - 86395_CCB - 2024 Annual Report (web)

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The Bank believes that being a B Corp aligns continued its analysis on properties subject
with its vision of building a more inclusive, to a high flood risk and has identified 128
equitable and regenerative economy for all properties out of a total of over 2,682
people and the planet. properties where the Bank has exposure to
In 2024 the Bank produced its first a property in a high flood risk area. Work
B Corp impact assessment which can continues to understand the potential
be found at ccbank.co.uk/about‑us/ impact of that risk and how it might
environmental‑social‑governance. materialise. Properties financed by the
Bank have a range of EPC gradings, with
Reducing our environmental impact 95% having an EPC rating at E or better.
The Bank has a programme underway
Climate change is a significant challenge to understand customer proposals for
facing society, with a growing focus for property graded EPC F and G.
all stakeholders, and the Bank continues The Board is proud of the engagement
to maintain a proactive approach to its and commitment of our people in reducing
environmental responsibilities. the Bank’s environmental impact and
In 2024, the Bank continued with its achieving carbon neutrality. Core to our
hybrid working pattern, supporting remote colleague engagement is the active “Green
working for up to 50% of the working week. Team”, which is a cross‑function team of
This has led to new considerations of the Bank employees who volunteer to internally
impact upon the environment of a hybrid promote the green agenda facilitating
working pattern, and how to mitigate the numerous communications, initiatives and
environmental impact of both maintaining activities focusing on upcycling, recycling,
an office environment on a full‑time and health and wellness, to help protect the
basis and supporting remote working. wider ecosystem.
We continue to assess the environmental
impact of remote working, changes to Environmental information
travel patterns of employees, and more
limited use of office space. All of the Bank’s The Bank is committed to being a
offices have maintained their carbon neutral responsible user of resources and
plus status which was first achieved in 2021. continues to consider ways in which it
The Bank is currently focusing on can reduce its environmental impact.
understanding the potential impact on This section reflects the Bank’s emissions
its loan security values and customers’ as required by the UK Streamlined Energy
investments from increased flooding, and Carbon Reporting (SECR) Regulations
as well as potential new legislation and for a ‘large unquoted organisation’.
changing behaviours relating to minimum The Bank has appointed Carbon
Energy Performance Certificate (EPC) Footprint Ltd, a leading carbon and energy
gradings and the energy efficiency of management company, to independently
buildings. Through 2024, the Bank has assess its Greenhouse Gas (GHG) emissions
in accordance with the UK Government’s
‘Environmental Reporting Guidelines:
Including Streamlined Energy and Carbon
Reporting Guidance’.
The GHG emissions have been assessed
following the ISO 14064‑1:2018 standard
and has used the 2024 emission conversion
factors published by Department for
Environment, Food and Rural Affairs (Defra)
and the Department for Business, Energy &
Industrial Strategy (BEIS). The assessment
follows the location‑based approach
for assessing Scope 2 emissions from
electricity usage.
Total emissions in 2024 were 107.79
tonnes of CO e 16.1% higher than in
2
2023 due to homeworking and grey fleet
emissions, which have increased as a result
of business activity. Emissions over the past
5 years (2019 is our baseline) have increased