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 231,980,220 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for the majority of their footprint. Specifically, Scope 1 emissions were about 7,470 kg CO2e, while Scope 2 emissions totalled approximately 8,340 kg CO2e (market-based). The bank's Scope 3 emissions included substantial figures such as 2,556,000 kg CO2e from purchased goods and services and 362,000 kg CO2e from employee commuting. Comparatively, in 2023, Tandem Bank's emissions were slightly higher, with total emissions of about 242,104,940 kg CO2e. This included Scope 1 emissions of approximately 29,850 kg CO2e and Scope 2 emissions of about 3,350 kg CO2e (market-based). The bank has set an interim carbon reduction target aligned with the Science Based Targets Initiative (SBTi) for 2030, aiming to support their long-term goal of achieving net-zero emissions by 2050. Tandem Bank's emissions data is cascaded from its parent organization, Tandem Money Limited, reflecting a commitment to transparency and accountability in their climate impact reporting. The bank is actively working towards reducing its carbon footprint and has outlined specific initiatives to meet its climate commitments.
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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.
