Provident Financial

Provident Financial, a UK-based financial intermediation services company, reported total emissions of about 288,968,000 kg CO2e in 2024. This includes Scope 1 emissions of approximately 202,000 kg CO2e, Scope 2 emissions of about 556,000 kg CO2e (from purchased electricity), and Scope 3 emissions of approximately 334,823,000 kg CO2e.

Looking back, their reported total emissions were 4,720,000 kg CO2e in 2020 and 9,468,000 kg CO2e in 2019. In 2018, total emissions were around 12,409,000 kg CO2e, and in 2017, they were about 10,697,000 kg CO2e. For 2016, only Scope 1 and 2 emissions were reported at 5,881,000 kg CO2e, and for 2015, these were around 5,040,000 kg CO2e.

Provident Financial, operating under Vanquis Banking Group Plc, has committed to several climate goals. They aim to achieve net-zero carbon dioxide emissions across Scope 1, 2, and 3 by 2040. To support this long-term ambition, the company intends to establish Science Based Targets (SBTs) and other interim targets by September 2023.

As part of their near-term Science Based Targets, Vanquis Banking Group Plc has committed to reducing absolute Scope 1 and 2 GHG emissions by 39.9% by 2028, using 2021 as the base year. Additionally, they aim for 78% of their suppliers by spend, covering purchased goods and services, to have science-based targets by 2027. These commitments are consistent with reductions required to keep global warming to 1.5°C.