Permanent Tsb Group Holdings Sustainability Profile
Permanent TSB Group Holdings, commonly referred to as Permanent TSB, is a prominent financial institution headquartered in Ireland (IE). Established in 1884, the bank has evolved significantly, focusing on retail banking and financial services across the country. With a strong presence in major operational regions, Permanent TSB offers a range of core products, including personal loans, mortgages, and current accounts, distinguished by their customer-centric approach and competitive rates. As a key player in the Irish banking sector, Permanent TSB has achieved notable milestones, including its successful re-establishment as a standalone entity following the financial crisis. The bank is committed to innovation and sustainability, positioning itself as a trusted partner for individuals and businesses alike, while continually enhancing its service offerings to meet the evolving needs of its customers.
DitchCarbon Score
How does Permanent Tsb Group Holdings'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
Permanent Tsb Group Holdings's score of 54 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Permanent Tsb Group Holdings's reported carbon emissions
In 2023, Permanent Tsb Group Holdings reported total carbon emissions of approximately 342,876,000 kg CO2e from Scope 2 and 342,035,000 kg CO2e from Scope 3 emissions. The breakdown includes 841,000 kg CO2e from Scope 1 emissions, highlighting their operational impact. The company has achieved a significant reduction in direct emissions associated with energy usage, decreasing these emissions by about 14% for both Scope 1 and Scope 2 from 2022 to 2023. Permanent Tsb Group Holdings has committed to near-term climate targets, although specific Science-Based Targets Initiative (SBTi) targets have not been established. The organisation is actively working towards reducing its carbon footprint, particularly in the financial sector, where it operates. The emissions data is self-reported and reflects the company's ongoing commitment to sustainability and climate action. Overall, Permanent Tsb Group Holdings is focused on enhancing its environmental performance while navigating the challenges of climate change within the banking and financial services industry.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 15,049,320 | 00,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 72,895,090 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 540,854,550 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Permanent Tsb Group Holdings's Industry?
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Permanent Tsb Group Holdings's Scope 3 Categories Breakdown
Permanent Tsb Group Holdings's Scope 3 emissions, which increased by 48% last year and decreased by approximately 37% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 92% of Scope 3 emissions.
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Permanent Tsb Group Holdings'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.
Permanent Tsb Group Holdings has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Permanent Tsb Group Holdings's sustainability data and climate commitments