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 17 is lower than 89% 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 specific carbon emissions data available, as indicated by the absence of reported figures. The bank is a current subsidiary of TONIK Financial Pte Ltd, which may influence its climate commitments and initiatives. Despite the lack of direct emissions data, Tonik Digital Bank is part of a corporate family that may have broader sustainability goals. However, no specific reduction targets or climate pledges have been documented for Tonik Digital Bank, Inc. at this time. The absence of data suggests that the bank may still be in the early stages of developing its carbon footprint strategy or reporting framework. As a digital bank, Tonik Digital Bank has the potential to implement innovative practices that could contribute to reducing its environmental impact, aligning with industry trends towards sustainability. The financial sector is increasingly recognising the importance of climate commitments, and Tonik may look to adopt similar initiatives in the future.
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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?
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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.
