Chime Sustainability Profile
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 42 is higher than 67% 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, comprising 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 rise in emissions from 2022 to 2023. Chime has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from activities such as business travel. Furthermore, there are currently no specific reduction targets or climate pledges outlined by Chime, indicating a potential area for future commitment. Chime's emissions data is not cascaded from any parent organization, and all reported figures are derived directly from Chime Group Holdings Limited. The company continues to monitor its carbon footprint as part of its operational strategy in the context of climate change.
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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 |
How Carbon Intensive is Chime's Industry?
How Carbon Intensive is Chime's Location?
Chime's Scope 3 Categories Breakdown
Chime's Scope 3 emissions, which decreased by 17% last year and decreased by approximately 17% since 2022, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Chime'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.
Chime 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.
