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Virgin Money
Financial IntermediationUnited KingdomPNK: CYBBF
Last verified 15 days agovirginmoney.com
Virgin Money, officially known as Virgin Money UK PLC, is a prominent player in the financial intermediation services sector, headquartered in Great Britain. Founded in 1995, the company has evolved significantly, establishing itself as a key provider of banking and financial services across the UK and beyond.
Specialising in personal banking, savings accounts, and mortgages, Virgin Money distinguishes itself through its customer-centric approach and innovative digital solutions. The company has achieved notable milestones, including its successful listing on the London Stock Exchange and its acquisition of several financial institutions, enhancing its market position.
With a commitment to transparency and ethical banking, Virgin Money continues to make strides in the industry, offering unique products that cater to the diverse needs of its customers while maintaining a strong focus on sustainability and community engagement.
61
DitchCarbon score
+24 vs industry average
Virgin Money’s score of 61 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Low
Financial Intermediation has below-average carbon intensity
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Virgin Money's reported carbon emissions
Virgin Money, a UK-based financial services provider, reported total carbon emissions of approximately 63,717 tonnes CO2e in 2023. This figure comprises 2,677 tonnes CO2e from Scope 1 emissions, 6,002 tonnes CO2e from Scope 2 emissions, and 55,038 tonnes CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions included capital goods at 2,039 tonnes CO2e, business travel at 313 tonnes CO2e, and employee commuting at 3,700 tonnes CO2e.
In 2022, Virgin Money's total emissions were about 58,830 tonnes CO2e, consisting of 3,395 tonnes CO2e from Scope 1, 6,891 tonnes CO2e from Scope 2, and 48,544 tonnes CO2e from Scope 3. No emissions data is available for 2021.
Virgin Money's SBTi reduction targets and other climate initiatives are cascaded from its ultimate parent, Clydesdale Bank PLC, which also serves as the source organization for CDP and RTZ initiatives within the corporate family relationship.
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Virgin Money’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Virgin Money yet.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Inherited from Clydesdale Bank PLC2030 targetSee details
Active
Carbon Disclosure Project
Inherited from Clydesdale Bank PLCSee details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
Inherited from Clydesdale Bank PLCSee details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Virgin Money15 days ago
61
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