Provident Financial
Provident Financial plc, commonly known as Provident, is a leading financial services provider headquartered in Great Britain. Established in 1880, the company has evolved significantly, focusing on consumer credit and personal loans, primarily serving the UK and Ireland. With a strong emphasis on responsible lending, Provident offers a range of products, including home credit, personal loans, and credit cards through its subsidiary, Vanquis Bank. What sets Provident apart is its commitment to customer service and tailored financial solutions that cater to individual needs. Recognised for its market position, Provident Financial has achieved notable milestones, including a robust customer base and a reputation for innovation in the financial sector. As a trusted name in consumer finance, Provident continues to adapt and grow within an ever-changing industry landscape.
DitchCarbon Score
How does Provident Financial'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
Provident Financial's score of 43 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Provident Financial's reported carbon emissions
In 2024, Provident Financial reported total carbon emissions of approximately 335,580,000 kg CO2e. This includes Scope 1 emissions of about 202,000 kg CO2e, primarily from stationary and mobile combustion, and Scope 2 emissions of approximately 556,000 kg CO2e from purchased electricity. The majority of their emissions, around 334,823,000 kg CO2e, fall under Scope 3, which includes significant contributions from employee commuting (about 9,766,000 kg CO2e) and business travel (approximately 688,000 kg CO2e). Provident Financial has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 39.9% by 2028, using 2021 as the base year. Additionally, they plan for 78% of their suppliers, by spend on purchased goods and services, to have science-based targets by 2027. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect their commitment to addressing climate change effectively. The emissions data and reduction targets are sourced from Vanquis Banking Group plc, which is part of the same corporate family, ensuring a consistent approach to sustainability across their operations.
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| 2015 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,405,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 00,000 | 000,000 |
| Scope 2 | 3,207,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 5,199,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Provident Financial is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
