Tesco Bank, officially known as Tesco Personal Finance plc, is a prominent financial institution headquartered in Great Britain. Established in 1997, the bank has evolved significantly, offering a range of financial services primarily in the UK. It operates in the banking industry, focusing on personal banking, insurance, and credit products. The bank's core offerings include current accounts, savings accounts, personal loans, and insurance products, all designed to provide customers with convenience and value. Tesco Bank distinguishes itself through its integration with the Tesco loyalty programme, allowing customers to earn Clubcard points on financial products. With a strong market position, Tesco Bank has garnered recognition for its customer service and innovative solutions, making it a trusted choice for millions of customers across the UK.
How does Tesco 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.
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.
Tesco Bank's score of 37 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Tesco Bank reported total carbon emissions of approximately 1,614,333,000 kg CO2e. This figure includes 1,039,346,000 kg CO2e from Scope 1 emissions, 5,794,000 kg CO2e from Scope 2 emissions, and 567,191,000 kg CO2e from Scope 3 emissions. The bank's emissions have shown fluctuations over the years, with a notable decrease from 2022, where total emissions were about 1,719,610,000 kg CO2e. In 2024, Tesco Bank's total emissions are projected to be around 1,438,559,000 kg CO2e, with Scope 1 emissions at approximately 902,830,000 kg CO2e and Scope 3 emissions at about 529,470,000 kg CO2e. This indicates a continued commitment to reducing their carbon footprint. Despite these figures, Tesco Bank has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction strategies suggests a need for further commitment to climate action within the banking sector. Overall, Tesco Bank's emissions data reflects the ongoing challenges and opportunities in addressing climate change while striving for sustainability in operations.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|
Scope 1 | 1,240,871,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
Scope 2 | 1,095,671,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - |
Scope 3 | 684,079,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Tesco Bank is not committed to any reduction initiatives 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.