Tbc Sustainability Profile
TBC Bank Group PLC, commonly referred to as TBC, is a leading financial institution headquartered in Georgia (GE). Established in 1992, TBC has grown to become a prominent player in the banking sector, primarily serving the Georgian market while also expanding its operations in neighbouring regions. The bank offers a comprehensive range of services, including retail and corporate banking, investment services, and digital banking solutions, distinguished by their innovative approach and customer-centric focus. TBC has achieved significant milestones, such as being listed on the London Stock Exchange, which underscores its robust market position and commitment to transparency. With a strong emphasis on technology and sustainability, TBC continues to set itself apart in the competitive landscape, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Tbc'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
Tbc's score of 68 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tbc's reported carbon emissions
In 2024, TBC Bank, headquartered in Georgia, reported total carbon emissions of approximately 3,534,000 kg CO2e. This figure includes 1,861,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 1,787,000 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity. Notably, TBC Bank's Scope 3 emissions were not fully disclosed, but included 392,000 kg CO2e from business travel. In 2023, the bank's emissions were reported at about 4,630,000 kg CO2e globally, with Scope 1 emissions at 1,834,000 kg CO2e and Scope 2 emissions at 1,809,000 kg CO2e. The Scope 3 emissions for that year included 1,444,000 kg CO2e from business travel. TBC Bank has set ambitious climate commitments, aiming for net-zero direct environmental impact by 2030. The bank's near-term targets include reducing Scope 1 and Scope 2 emissions in alignment with the Paris Agreement, with specific performance measures established for the years 2023 to 2030. Additionally, the bank previously aimed for a 5% reduction in total emissions by 2020 through initiatives such as increasing the share of electric vehicles and enhancing energy efficiency. The emissions data is sourced directly from TBC Bank Group PLC, with no cascaded data from a parent organization. The bank's commitment to sustainability reflects its proactive approach to addressing climate change and reducing its carbon footprint.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,474,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,206,000 | 0,000,000 | 0,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 321,000 | 000,000 | 000,000 | 000,000 | 00,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Tbc's Industry?
How Carbon Intensive is Tbc's Location?
Tbc's Scope 3 Categories Breakdown
Tbc's Scope 3 emissions, which increased by 190% last year and increased by approximately 350% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 28% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Tbc'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.
Tbc 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.
