Atom Bank
Atom Bank, officially known as Atom Bank plc, is a pioneering digital bank headquartered in the United Kingdom. Founded in 2014, it has rapidly established itself in the fintech industry, focusing on providing innovative banking solutions primarily through its mobile app. Atom Bank operates across Great Britain, offering a range of core products including savings accounts, fixed-term loans, and mortgages. What sets Atom Bank apart is its commitment to leveraging technology to enhance customer experience, offering competitive interest rates and a user-friendly interface. As a leader in the digital banking sector, Atom Bank has achieved significant milestones, including being the first bank in the UK to receive a banking licence from the Prudential Regulation Authority. With a strong market position, Atom Bank continues to redefine traditional banking practices, making financial services more accessible and efficient for its customers.
DitchCarbon Score
How does Atom Bank'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
Atom Bank's score of 46 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Atom Bank's reported carbon emissions
In 2023, Atom Bank reported total carbon emissions of approximately 271,997,000 kg CO2e. This figure includes Scope 1 emissions of about 15,000 kg CO2e, with no Scope 2 emissions recorded, and Scope 3 emissions of approximately 673,000 kg CO2e, primarily from employee commuting and purchased goods and services. Comparatively, in 2022, the bank's total emissions were about 258,655,000 kg CO2e, with Scope 2 emissions accounting for approximately 218,651,000 kg CO2e and Scope 3 emissions at around 40,004,000 kg CO2e. This indicates a slight increase in total emissions from 2022 to 2023. For 2024, Atom Bank's emissions are projected to include Scope 1 emissions of about 18,000 kg CO2e and Scope 3 emissions of approximately 648,000 kg CO2e, reflecting ongoing efforts to manage their carbon footprint. However, there are currently no specified reduction targets or climate pledges in place, indicating a potential area for future commitment and improvement in their sustainability strategy.
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Add to project| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | - | 00,000 | 00,000 |
| Scope 2 | 218,651,000 | - | - |
| Scope 3 | 40,004,000 | 000,000 | 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.
Atom Bank 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.
