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 673,658 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 673,000 kg CO2e. The bank's Scope 1 emissions were approximately 274 kg CO2e, primarily from mobile combustion, while Scope 2 emissions from purchased electricity totalled about 295 kg CO2e. In the previous year, 2022, Atom Bank's total emissions were around 633,000 kg CO2e, with Scope 1 and 2 emissions combined at about 89,000 kg CO2e. Despite these figures, Atom Bank has not set specific reduction targets or initiatives as part of its climate commitments. The emissions data is cascaded from its parent company, Atom Bank plc, indicating a corporate family relationship. The bank's carbon emissions per full-time equivalent (FTE) employee were reported at approximately 1,490 kg CO2e. Overall, while Atom Bank has disclosed its emissions data, it currently lacks defined reduction targets or significant climate pledges, reflecting a broader context within the financial services industry where many institutions are still developing comprehensive climate 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.
