Virgin Money
Virgin Money, officially known as Virgin Money UK PLC, is a prominent financial services provider headquartered in Great Britain. Established in 1995, the company has evolved significantly, becoming a key player in the banking industry with a focus on personal banking, savings, and mortgages. With a strong presence across the UK, Virgin Money distinguishes itself through its innovative approach to customer service and a commitment to ethical banking practices. The company offers a range of core products, including competitive savings accounts, credit cards, and home loans, all designed to meet the diverse needs of its customers. Notable achievements include its successful integration with Clydesdale Bank and Yorkshire Bank, enhancing its market position. Virgin Money continues to be recognised for its customer-centric ethos and dedication to providing unique financial solutions.
DitchCarbon Score
How does Virgin Money'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 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.
Industry Benchmark
Virgin Money's score of 3 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Virgin Money's reported carbon emissions
As of 2022, Virgin Money has reported carbon emissions associated with its operations, specifically noting emissions from mortgages at approximately 39,000 kg CO2e. However, comprehensive data on total emissions across all scopes (Scope 1, 2, and 3) is not disclosed for the years 2020 to 2022. Virgin Money has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) nor has it made any formal climate pledges. This indicates a potential area for growth in their climate commitments, especially as the financial sector increasingly prioritises sustainability and carbon reduction strategies. Overall, while Virgin Money has begun to track certain emissions, further transparency and commitment to reduction targets would enhance its climate strategy and align it with industry standards.
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.
Virgin Money 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.
