Permanent TSB plc Sustainability Profile
Permanent TSB plc, commonly referred to as PTSB, is a prominent financial institution headquartered in Ireland (IE). Established in 1884, the bank has evolved significantly, focusing on retail banking services across the Republic of Ireland. With a strong presence in personal banking, mortgages, and business banking, PTSB is dedicated to providing tailored financial solutions to its diverse customer base. The bank's core offerings include current accounts, savings products, and a range of mortgage options, distinguished by competitive rates and customer-centric service. 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. With a commitment to innovation and community support, PTSB continues to strengthen its market position and enhance customer experiences.
DitchCarbon Score
How does Permanent TSB 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
Permanent TSB plc's score of 46 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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Permanent TSB plc, headquartered in Ireland (IE), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The organisation is a current subsidiary of Permanent TSB Group Holdings plc, which may influence its climate commitments and reporting practices. While there are no documented reduction targets or specific climate pledges from Permanent TSB plc, it is important to note that the company is part of a broader corporate family that may have established initiatives. The emissions data and climate strategies are cascaded from Permanent TSB Group Holdings plc, which could potentially include commitments to the Science Based Targets initiative (SBTi) and other climate-related frameworks. As a financial institution, Permanent TSB plc is likely to align its operations with industry standards for sustainability and climate action, although specific details on their initiatives or targets are not available at this time. The absence of emissions data suggests that the company may still be in the process of developing or implementing its climate strategy.
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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 plc's Industry?
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Permanent TSB plc's Scope 3 Categories Breakdown
Permanent TSB plc'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 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.
Permanent TSB 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.
