Tandem Bank, officially known as Tandem Money Limited, is a prominent player in the financial intermediation services sector, headquartered in Great Britain. Founded in 2014, the bank has rapidly evolved, focusing on innovative digital banking solutions that cater to the modern consumer.
Specialising in personal loans, savings accounts, and credit cards, Tandem Bank distinguishes itself through its commitment to sustainability and customer-centric services. The bank's unique approach includes offering green loans and a user-friendly app that empowers customers to manage their finances effectively.
With a strong market position, Tandem Bank has garnered recognition for its forward-thinking strategies and dedication to ethical banking practices, making it a notable contender in the UK financial landscape.
+14 vs industry average
Tandem Bank’s score of 49 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Tandem Bank's reported carbon emissions
Tandem Bank, headquartered in GB and operating in financial intermediation services, has disclosed its carbon emissions for recent years. For the reporting year 2024, Tandem Bank reported total emissions of approximately 231.9 billion kg CO2e, comprising 7,000 kg CO2e of Scope 1 emissions, approximately 8,000 kg CO2e of Scope 2 market-based emissions, and 231.9 billion kg CO2e of Scope 3 emissions. In the previous year, 2023, total emissions were approximately 245.0 billion kg CO2e, with Scope 1 emissions at 30,000 kg CO2e, Scope 2 market-based emissions at 3,000 kg CO2e, and Scope 3 emissions at 242.0 billion kg CO2e. For 2022, the bank's total emissions amounted to approximately 189.4 billion kg CO2e, including 9,000 kg CO2e of Scope 1 emissions and Scope 3 emissions of approximately 189.4 billion kg CO2e. Scope 2 location-based emissions for 2022 were 47,000 kg CO2e. Tandem Bank is committed to climate action and has set an interim carbon reduction target for 2030. This target is being aligned with the Science Based Targets initiative (SBTi) and is designed to support the bank's ultimate goal of reaching Net Zero by 2050. This emissions data is cascaded from Tandem Money Limited, its parent organisation.
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Tandem Bank’s Climate Goals (2030 & 2050)
1 goal2030
We have set an interim carbon reduction target for 2030 that…
We have set an interim carbon reduction target for 2030 that will be aligned with the Science Based Targets Initiative (SBTi) and will help…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Tandem Bank
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