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 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 430,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Scope 2 emissions, primarily from purchased electricity and heat, accounted for about 13,515,000 kg CO2e. The majority of emissions, approximately 3,469,841,000 kg CO2e, were classified as Scope 3, which includes indirect emissions from the value chain, such as investments and business travel. Comparatively, in 2021, the total emissions were about 5,754,060,000 kg CO2e, indicating a significant reduction in emissions of approximately 2,270,274,000 kg CO2e year-on-year. This reduction reflects TCS Group's commitment to improving its environmental impact. TCS Group has committed to achieving net-zero emissions across all scopes by 2050, as part of its Science Based Targets initiative (SBTi) commitments. The company is classified as a financial institution and is a member of the BA1.5 group, which signifies its commitment to ambitious climate action. The deadline for submitting specific reduction targets is set for November 2023. Overall, TCS Group Holding PLC is actively working towards reducing its carbon footprint and aligning its operations with global climate goals, demonstrating a proactive approach to sustainability in the financial sector.
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| 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?
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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.
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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.
