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 63 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Virgin Money's reported carbon emissions
In 2023, Virgin Money reported total carbon emissions of approximately 60,020,000 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 slight increase in Scope 3 emissions compared to 2022, where total emissions were about 58,544,000 kg CO2e, with 3,395,000 kg CO2e from Scope 1 and 6,891,000 kg CO2e from Scope 2. Virgin Money has not disclosed specific reduction targets or initiatives as part of their climate commitments. However, they have reported emissions data across all three scopes, indicating a commitment to transparency in their environmental impact. The company continues to monitor and report its carbon footprint, aligning with industry standards for climate accountability.
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| 2022 | 2023 | |
|---|---|---|
| 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
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 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.
