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Monzo Bank Limited, commonly known as Monzo, is a prominent digital banking institution headquartered in the United Kingdom. Specialising in financial intermediation services, excluding insurance and pension funding, Monzo has established itself as a leading player in the UK's fintech sector. Since its founding in 2015, the company has achieved significant milestones, including rapid customer growth and innovative product offerings.
Monzo’s core services include personal and business banking, featuring features such as instant notifications, budgeting tools, and a user-friendly mobile app. Its emphasis on transparency and customer-centric design has helped it carve out a strong market position. Recognised for its innovative approach to banking, Monzo continues to expand its presence across major regions, setting new standards in digital financial services.
-6 vs industry average
Monzo Bank Limited’s score of 31 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Intermediation has below-average carbon intensity
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Monzo Bank Limited, a UK-based financial intermediation services company, reported total absolute emissions of approximately 12,460,000 kg CO2e in 2021.
In 2021, Monzo Bank Limited's Scope 1 emissions, primarily from stationary combustion, were approximately 12,500 kg CO2e. Scope 2 emissions, primarily from purchased electricity, were approximately 1,556,000 kg CO2e. Scope 3 emissions, largely from purchased goods and services, were about 7,790,000 kg CO2e, with business travel contributing 1,800 kg CO2e.
For 2020, Monzo Bank Limited reported Scope 1 emissions of approximately 1,700 kg CO2e from stationary combustion, Scope 2 emissions totalling 503,200 kg CO2e, and no business travel emissions for Scope 3. Data for purchased goods and services within Scope 3 was not available for 2020.
Monzo Bank Limited has a stated commitment to reduce emissions by 46% across its office estate and accident repair centres by 2030, using 2019 as a baseline.
No climate goals have been disclosed for Monzo Bank Limited yet.
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