Atom Bank Sustainability Profile
Atom Bank, officially known as Atom Bank plc, is a pioneering digital bank headquartered in the United Kingdom. Founded in 2014, it has rapidly established itself in the fintech industry, focusing on providing innovative banking solutions primarily through its mobile app. Atom Bank operates across Great Britain, offering a range of core products including savings accounts, fixed-term loans, and mortgages. What sets Atom Bank apart is its commitment to leveraging technology to enhance customer experience, offering competitive interest rates and a user-friendly interface. As a leader in the digital banking sector, Atom Bank has achieved significant milestones, including being the first bank in the UK to receive a banking licence from the Prudential Regulation Authority. With a strong market position, Atom Bank continues to redefine traditional banking practices, making financial services more accessible and efficient for its customers.
DitchCarbon Score
How does Atom Bank'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
Atom Bank's score of 35 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Atom Bank's reported carbon emissions
In 2023, Atom Bank reported total carbon emissions of approximately 658.44 kg CO2e, with Scope 1 emissions at about 274.02 kg CO2e and Scope 2 emissions at approximately 295.18 kg CO2e. Notably, their Scope 3 emissions were significantly higher, totalling about 673,000 kg CO2e. The combined total for Scope 1 and 2 emissions was around 15,000 kg CO2e. In 2022, the bank's emissions were reported at approximately 89,000 kg CO2e for Scope 1 and 2, with Scope 3 emissions at about 633,000 kg CO2e. The previous year, 2021, saw total emissions of approximately 463,000 kg CO2e, although specific Scope 1 and 2 data were not disclosed for that year. Atom Bank has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The emissions data is cascaded from Atom Bank plc, reflecting its status as a current subsidiary. Overall, while Atom Bank has made strides in reporting its emissions, it currently lacks defined climate commitments or reduction strategies.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | 000.00 |
| Scope 2 | - | 000.00 |
| Scope 3 | 633,000 | 000,000 |
How Carbon Intensive is Atom Bank's Industry?
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Atom Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Atom Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
