Chime
Chime Group, commonly referred to as Chime, is a prominent player in the financial technology sector, headquartered in Great Britain. Founded in 2014, the company has rapidly established itself as a leader in providing innovative banking solutions, primarily focusing on digital banking and payment services. Chime's core offerings include a no-fee banking platform, savings accounts, and budgeting tools, all designed to enhance financial wellness for its users. What sets Chime apart is its commitment to transparency and user-friendly technology, making banking accessible to a broader audience. With a strong presence in the UK and expanding operations across Europe, Chime has garnered significant recognition for its customer-centric approach and has achieved notable milestones in user growth and service expansion, solidifying its position in the competitive fintech landscape.
DitchCarbon Score
How does Chime'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 Media Production 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
Chime's score of 39 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chime's reported carbon emissions
In 2023, Chime Group Holdings Limited reported total carbon emissions of approximately 265,000 kg CO2e in Great Britain, with 76,000 kg CO2e from Scope 1 emissions and 189,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions included about 7,000 kg CO2e from fugitive emissions. The total market-based emissions for Scope 1 and 2 combined were about 98,000 kg CO2e. Comparatively, in 2022, Chime's emissions in Great Britain were approximately 227,000 kg CO2e, with Scope 1 emissions at 54,000 kg CO2e and Scope 2 emissions at 173,000 kg CO2e. This indicates a notable increase in emissions from 2022 to 2023. Globally, in 2023, Chime reported total emissions of about 527,000 kg CO2e, with Scope 1 emissions at 153,000 kg CO2e, Scope 2 emissions at 234,000 kg CO2e, and significant Scope 3 emissions from business travel amounting to approximately 1,775,000 kg CO2e. Chime has not disclosed any specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent organisation. The company has not set any Science-Based Targets Initiative (SBTi) reduction targets or made any climate pledges. Overall, while Chime has made strides in reporting its emissions, the absence of reduction commitments highlights an area for potential improvement in its climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 49,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 387,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 |
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.
Chime 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.
