Tonik Digital Bank, Inc. Sustainability Profile
Tonik Digital Bank, Inc., a pioneering financial institution based in the Philippines, is redefining the banking landscape with its innovative digital solutions. Founded in 2020, Tonik has quickly established itself as a leader in the digital banking sector, focusing on providing seamless banking experiences to its customers across the country. Headquartered in Metro Manila, Tonik operates primarily in the Philippines, offering a range of core products and services, including savings accounts, loans, and digital wallets. What sets Tonik apart is its commitment to user-friendly technology and competitive interest rates, catering to the evolving needs of the modern consumer. With significant milestones such as being the first digital-only bank in the Philippines, Tonik continues to enhance its market position, striving to deliver exceptional financial services that empower individuals and businesses alike.
DitchCarbon Score
How does Tonik Digital Bank, Inc.'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
Tonik Digital Bank, Inc.'s score of 20 is lower 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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Tonik Digital Bank, Inc., headquartered in the Philippines, currently does not have available carbon emissions data for the most recent year. As a current subsidiary of TONIK Financial Pte Ltd, any emissions data would be inherited from this parent organization. However, specific emissions figures, including Scope 1, 2, and 3 totals, are not provided. In terms of climate commitments, Tonik Digital Bank, Inc. has not outlined any specific reduction targets or initiatives. The absence of documented reduction targets or climate pledges indicates a potential area for development in their sustainability strategy. As the financial sector increasingly prioritises climate action, Tonik Digital Bank, Inc. may benefit from establishing clear emissions reduction goals and participating in recognised initiatives to enhance its environmental impact and align with industry standards.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 14,053,000 | 00,000,000 |
| Scope 2 | 155,184,000 | 000,000,000 |
| Scope 3 | 1,375,000 | 000,000 |
How Carbon Intensive is Tonik Digital Bank, Inc.'s Industry?
How Carbon Intensive is Tonik Digital Bank, Inc.'s Location?
Tonik Digital Bank, Inc.'s Scope 3 Categories Breakdown
Tonik Digital Bank, Inc.'s Scope 3 emissions, which decreased by 40% last year and decreased by approximately 40% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Tonik Digital Bank, Inc.'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.
Tonik Digital Bank, Inc. 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.
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