Tandem Bank
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 27 is higher than 74% 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 2022, Tandem Bank reported total carbon emissions of approximately 190,033,000 kg CO2e. This figure includes Scope 1 emissions of about 9,000 kg CO2e, Scope 2 emissions of around 47,000 kg CO2e, and a significant majority from Scope 3 emissions, which totalled approximately 189,394,000 kg CO2e. Notably, the Scope 3 emissions breakdown reveals that investments accounted for about 187,149,000 kg CO2e, while other contributors included purchased goods and services (approximately 1,374,000 kg CO2e) and employee commute (about 537,000 kg CO2e). Despite the substantial emissions reported, Tandem Bank has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or science-based targets suggests that while the bank is aware of its emissions profile, it may still be in the early stages of formalising its climate commitments. As the financial sector increasingly prioritises sustainability, Tandem Bank's future actions will be crucial in aligning with industry standards and expectations for climate responsibility.
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| 2022 | |
|---|---|
| Scope 1 | 9,000 |
| Scope 2 | 47,000 |
| Scope 3 | 189,394,000 |
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.
Tandem Bank is not participating in any 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.
