Tandem Bank Sustainability Profile
Tandem Bank, officially known as Tandem Bank Limited, is a pioneering digital bank headquartered in Great Britain. Founded in 2014, Tandem has rapidly established itself within the fintech industry, focusing on providing innovative banking solutions primarily in the UK market. The bank offers a range of core products, including savings accounts, credit cards, and personal loans, distinguished by their user-friendly digital platform and commitment to sustainability. Tandem's unique approach to banking integrates technology with customer-centric services, allowing users to manage their finances seamlessly. With a strong emphasis on ethical banking, Tandem Bank has garnered recognition for its transparent practices and competitive offerings, positioning itself as a notable player in the evolving landscape of digital finance.
DitchCarbon Score
How does Tandem Bank'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
Tandem Bank's score of 59 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tandem Bank's reported carbon emissions
In 2024, Tandem Bank reported total carbon emissions of approximately 239,000,000 kg CO2e, with significant contributions from Scope 3 emissions at about 231,934,000 kg CO2e. Scope 1 emissions were recorded at 7,000 kg CO2e, while Scope 2 emissions totalled 8,000 kg CO2e (market-based) and 53,000 kg CO2e (location-based). Comparatively, in 2023, the bank's total emissions were around 242,000,000 kg CO2e, with Scope 3 emissions at approximately 242,023,000 kg CO2e, Scope 1 emissions at 30,000 kg CO2e, and Scope 2 emissions at 3,000 kg CO2e (market-based) and 46,000 kg CO2e (location-based). Tandem Bank has set an interim carbon reduction target aligned with the Science Based Targets Initiative (SBTi) for 2030, aiming to support its long-term goal of achieving net-zero emissions by 2050. This commitment reflects the bank's proactive approach to climate action and sustainability. The emissions data is cascaded from its parent organization, Tandem Money Limited, indicating a corporate family relationship that influences its climate reporting and initiatives.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 9,000 | 00,000 | 0,000 |
| Scope 2 | 47,000 | 0,000 | 0,000 |
| Scope 3 | 189,394,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Tandem Bank's Industry?
How Carbon Intensive is Tandem Bank's Location?
Tandem Bank'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.
Tandem Bank 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.
