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.
-1 vs industry average
Monzo Bank Limited’s score of 36 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Reported emissions
No reported emissions data is available for Monzo Bank Limited yet.
Monzo Bank Limited's reported carbon emissions
Monzo Bank Limited, headquartered in GB and operating in financial intermediation services, has established near-term reduction targets. The bank aims to reduce emissions by 46% across its office estate and accident repair centres by 2030, using 2019 as its baseline year.
As Monzo Bank Limited is a subsidiary and its emissions data is cascaded from Monzo Bank Holding Group Limited, specific absolute emissions figures for Monzo Bank Limited are not independently reported. However, Monzo Bank Holding Group Limited is a source for its performance data. Further details on Monzo Bank Limited's comprehensive climate commitments and emissions reporting would be available through Monzo Bank Holding Group Limited.
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Monzo Bank Limited’s Climate Goals (2030 & 2050)
1 goal2030
46% reduction in all scopes
1. Reduce emissions by 46% across our office estate and accident repair centres by 2030¹
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Monzo Bank Limited
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