OneSavings Bank plc Sustainability Profile
OneSavings Bank plc, commonly referred to as OSB, is a prominent UK-based financial institution headquartered in Kent, GB. Established in 2011, the bank has rapidly evolved within the specialist lending sector, focusing on buy-to-let mortgages, residential mortgages, and savings accounts. With a commitment to providing tailored financial solutions, OneSavings Bank distinguishes itself through its innovative products and customer-centric approach. The bank has achieved significant milestones, including a successful IPO in 2014, which has bolstered its market position. Operating primarily in the UK, OSB has garnered a reputation for reliability and competitive offerings, making it a key player in the banking industry. Its dedication to responsible lending and robust risk management further solidifies its standing as a trusted choice for borrowers and savers alike.
DitchCarbon Score
How does OneSavings Bank plc'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
OneSavings Bank plc's score of 42 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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OneSavings Bank plc, headquartered in Great Britain, currently does not have specific carbon emissions data available for the most recent year. The bank is a current subsidiary of OSB Group Plc, which may influence its climate commitments and emissions reporting. As of now, OneSavings Bank plc has not outlined any specific reduction targets or initiatives related to carbon emissions. The absence of documented reduction targets suggests that the bank is still in the early stages of formalising its climate strategy. The emissions data and climate commitments may be inherited from its parent company, OSB Group Plc, which is responsible for setting broader sustainability goals. However, without specific figures or targets from OSB Group Plc, it is challenging to provide a detailed overview of OneSavings Bank plc's carbon footprint or climate action plans. In summary, OneSavings Bank plc is currently working within the framework established by OSB Group Plc, but lacks publicly available emissions data and defined reduction initiatives at this time.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 76,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 951,000 | 0,000,000 | 000,000 | - | - | - |
| Scope 3 | - | 000,000 | 00,000 | 000,000 | 000,000 | 0,000,000 |
How Carbon Intensive is OneSavings Bank plc's Industry?
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OneSavings Bank plc's Scope 3 Categories Breakdown
OneSavings Bank plc's Scope 3 emissions, which increased by 646% last year and increased significantly since 2019, 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 "Investments" being the largest emissions source at 12592% of Scope 3 emissions.
Top Scope 3 Categories
OneSavings Bank plc'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.
OneSavings Bank plc 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.
