TCS GROUP Holding PLC
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 31 is higher than 58% 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 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 approximately 13,515,000 kg CO2e, with the majority stemming from purchased electricity (9,762,000 kg CO2e). The most significant contribution to their overall emissions came from Scope 3, which accounted for about 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 approximately 5,754,060,000 kg CO2e, indicating a notable reduction in emissions year-on-year. The company aims to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030, using 2019 as the baseline year. Furthermore, TCS Group has committed to achieving net-zero CO2e emissions by 2050, with their climate targets validated by the Science Based Targets initiative (SBTi). TCS Group's emissions data is not cascaded from any parent organization, ensuring that their reported figures reflect their own operational impact. The company is actively working towards its climate commitments, aligning with industry standards and demonstrating a proactive approach to sustainability.
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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 |
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.
TCS GROUP Holding PLC is participating in some 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.
