Permanent Tsb Group Holdings
Permanent TSB Group Holdings, commonly referred to as Permanent TSB, is a prominent financial institution headquartered in Ireland (IE). Established in 1884, the bank has evolved significantly, focusing on retail banking and financial services across the country. With a strong presence in major operational regions, Permanent TSB offers a range of core products, including personal loans, mortgages, and current accounts, distinguished by their customer-centric approach and competitive rates. As a key player in the Irish banking sector, Permanent TSB has achieved notable milestones, including its successful re-establishment as a standalone entity following the financial crisis. The bank is committed to innovation and sustainability, positioning itself as a trusted partner for individuals and businesses alike, while continually enhancing its service offerings to meet the evolving needs of its customers.
DitchCarbon Score
How does Permanent Tsb Group Holdings's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Permanent Tsb Group Holdings's score of 49 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Permanent Tsb Group Holdings's reported carbon emissions
In 2023, Permanent Tsb Group Holdings reported total carbon emissions of approximately 344,000,000 kg CO2e. This figure includes 841,000 kg CO2e from Scope 1 emissions, 2,217,000 kg CO2e from Scope 2 emissions (location-based), and a significant 342,035,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals major contributions from investments (314,081,000 kg CO2e), employee commute (5,840,000 kg CO2e), and purchased goods and services (19,117,000 kg CO2e). Comparatively, in 2022, the company reported total emissions of about 233,000,000 kg CO2e, with Scope 1 emissions at 1,188,000 kg CO2e and Scope 2 emissions at 2,502,000 kg CO2e. The Scope 3 emissions for that year were approximately 230,682,000 kg CO2e, indicating a substantial increase in emissions from 2022 to 2023. Permanent Tsb has committed to reducing its direct emissions associated with energy usage by 14% for both Scope 1 and Scope 2 from 2022 to 2023. This commitment reflects the company's proactive approach to addressing its carbon footprint. As of now, Permanent Tsb has not set specific near-term or long-term science-based targets (SBTi) but is classified as "Committed" to near-term targets. The organisation is not currently pursuing a net-zero commitment. Overall, Permanent Tsb Group Holdings is actively working towards reducing its carbon emissions while navigating the complexities of its extensive Scope 3 emissions, which represent the majority of its carbon footprint.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 15,049,320 | 00,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 72,895,090 | 00,000,000 | - | - |
| Scope 3 | 540,854,550 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Permanent Tsb Group Holdings is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
