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Public Profile
Financial Intermediation
GB
updated 10 days ago

Virgin Money

Company website

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.

69

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.

27

Industry Benchmark

Virgin Money's score of 69 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.

84%

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Virgin Money's reported carbon emissions

In 2023, Virgin Money reported total carbon emissions of approximately 63,000,000 kg CO2e, comprising 2,677,000 kg CO2e from Scope 1, 6,002,000 kg CO2e from Scope 2, and 55,038,000 kg CO2e from Scope 3 emissions. This represents a notable increase in emissions compared to 2022, where total emissions were about 49,544,000 kg CO2e, with Scope 1 at 3,395,000 kg CO2e, Scope 2 at 6,891,000 kg CO2e, and Scope 3 at 48,544,000 kg CO2e. Virgin Money's emissions data is cascaded from its parent company, Virgin Money Limited, with significant contributions from Clydesdale Bank PLC at a cascade level of 2. Despite the increase in emissions, there are currently no specific reduction targets or climate pledges disclosed by Virgin Money. The company continues to monitor its carbon footprint and is part of a broader industry context focused on sustainability and climate action.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20222023
Scope 1
3,395,000
0,000,000
Scope 2
6,891,000
0,000,000
Scope 3
48,544,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Virgin Money's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Virgin Money is in GB, which has a low grid carbon intensity relative to other regions.

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 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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