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Virgin Money
Financial IntermediationUnited KingdomPNK: CYBBF
Last verified 1 month 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.
43
DitchCarbon score
+6 vs industry average
Virgin Money’s score of 43 is higher than 59% 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 intermediation services company, reported total carbon emissions of approximately 63.7 million kg CO2e in 2023. This includes 2.677 million kg CO2e from Scope 1 emissions, 6.002 million kg CO2e from Scope 2 emissions, and 55.038 million kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions in 2023 included capital goods at 2.039 million kg CO2e, business travel at 313,000 kg CO2e, and employee commute at 3.7 million kg CO2e.
In 2022, Virgin Money's total emissions were approximately 58.83 million kg CO2e, comprising 3.395 million kg CO2e from Scope 1, 6.891 million kg CO2e from Scope 2, and 48.544 million kg CO2e from Scope 3.
Emissions data for Virgin Money is directly reported.
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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 Money1 month ago
43
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