UK Finance, headquartered in Great Britain, is a leading trade association representing the finance and banking sector. Founded in 2017, it emerged from the merger of several prominent organisations, including the British Bankers' Association and the UK Cards Association. UK Finance plays a pivotal role in advocating for the industry, focusing on key areas such as payments, lending, and financial inclusion. With a commitment to driving innovation and supporting the financial services landscape, UK Finance offers a range of services, including research, policy development, and industry standards. Its unique position allows it to influence regulatory frameworks and promote best practices across the sector. Recognised for its expertise, UK Finance continues to shape the future of finance in the UK, ensuring a robust and competitive market.
How does UK Finance'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.
UK Finance's score of 23 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
UK Finance currently does not report any carbon emissions data, as there are no available figures for kg CO2e emissions. Additionally, there are no documented reduction targets or climate pledges associated with their operations. As such, UK Finance has not established specific commitments to reduce carbon emissions or align with industry standards such as the Science Based Targets initiative (SBTi). In the absence of emissions data and reduction initiatives, it is important to note that UK Finance operates within a broader industry context where financial institutions are increasingly being called upon to demonstrate climate responsibility and transparency. This includes setting measurable targets for emissions reductions and participating in global climate initiatives. As of now, UK Finance has not cascaded any emissions data or climate commitments from a parent organization, indicating a standalone approach to their environmental impact.
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.
UK Finance is not participating in any 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.