TCS GROUP Holding PLC Sustainability Profile
TCS GROUP Holding PLC, commonly referred to as TCS Group, is a prominent player in the financial services industry, headquartered in Cyprus (CY). Established in 2005, the company has rapidly expanded its operations across Europe and the Middle East, solidifying its reputation as a trusted provider of innovative financial solutions. Specialising in payment processing, e-commerce, and digital banking services, TCS Group distinguishes itself through its commitment to cutting-edge technology and customer-centric approaches. The company has achieved significant milestones, including strategic partnerships and a growing portfolio of services that cater to diverse client needs. With a strong market position, TCS Group is recognised for its reliability and efficiency, making it a preferred choice for businesses seeking comprehensive financial services. Its dedication to excellence continues to drive its success in an ever-evolving industry landscape.
DitchCarbon Score
How does TCS GROUP Holding PLC'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 Business Services 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
TCS GROUP Holding PLC's score of 28 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
TCS GROUP Holding PLC's reported carbon emissions
In 2022, TCS Group Holding PLC reported total carbon emissions of approximately 3,483,786,000 kg CO2e. This figure includes Scope 1 emissions of about 430,000 kg CO2e, primarily from mobile combustion (90,000 kg CO2e) and fugitive emissions (331,000 kg CO2e). Scope 2 emissions totalled around 13,515,000 kg CO2e, with purchased electricity accounting for 9,762,000 kg CO2e. The majority of emissions stemmed from Scope 3, which reached approximately 3,469,841,000 kg CO2e, largely driven by investments (3,341,600,000 kg CO2e) and downstream transportation and distribution (31,535,000 kg CO2e). Comparatively, in 2021, TCS Group's total emissions were about 5,754,060,000 kg CO2e, indicating a significant reduction in emissions year-on-year. The company has committed to achieving net-zero emissions across all scopes by 2050, with interim targets set through the Science Based Targets initiative (SBTi). This commitment reflects TCS Group's alignment with global climate goals and its proactive approach to reducing its carbon footprint. TCS Group's emissions data is not cascaded from any parent organization, ensuring that the reported figures are specific to its operations. The company is classified as a financial institution and is actively working towards its climate commitments, demonstrating a strong focus on sustainability within the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 446,000 | 000,000 | 000,000 |
| Scope 2 | 12,515,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 1,961,622,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is TCS GROUP Holding PLC's Industry?
How Carbon Intensive is TCS GROUP Holding PLC's Location?
TCS GROUP Holding PLC's Scope 3 Categories Breakdown
TCS GROUP Holding PLC's Scope 3 emissions, which decreased by 40% last year and increased by approximately 77% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 96% of Scope 3 emissions.
Top Scope 3 Categories
TCS GROUP Holding PLC'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.
TCS GROUP Holding PLC has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about TCS GROUP Holding PLC's sustainability data and climate commitments