Atom Bank
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 29 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 688,000 kg CO2e, comprising about 15,000 kg CO2e from Scope 1 and 2 emissions and about 673,000 kg CO2e from Scope 3 emissions. This represents a slight increase in Scope 3 emissions from 633,000 kg CO2e in 2022, while Scope 1 and 2 emissions decreased from 89,000 kg CO2e in the same year. The bank's emissions data is cascaded from its parent company, Atom Bank plc, indicating a corporate family relationship. However, Atom Bank has not set specific reduction targets or climate pledges, and there are no documented initiatives aimed at reducing emissions. Overall, Atom Bank's commitment to addressing climate change remains unclear, as they have not disclosed any significant reduction initiatives or targets. The focus on emissions reporting highlights the need for further action in line with industry standards for climate accountability.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | - | - |
| Scope 3 | 633,000 | 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.
Atom Bank is not participating in any 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.
