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.
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.
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.
Atom Bank's score of 19 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Atom Bank reported carbon emissions of approximately 1,310 kg CO2e per full-time equivalent (FTE) under Scope 1. This marks a reduction from 2023, where emissions were about 1,490 kg CO2e per FTE. The bank's emissions data for 2022 also indicated similar levels of approximately 1,490 kg CO2e per FTE, suggesting a consistent approach to managing their carbon footprint. In 2021, Atom Bank's total emissions were reported at 463,000 kg CO2e, with Scope 1 emissions per FTE at about 1,090 kg CO2e. While the bank has made strides in reducing its emissions per employee, there are currently no disclosed reduction targets or climate pledges, indicating a potential area for future commitment. Overall, Atom Bank's focus on reducing its carbon emissions per FTE reflects a growing awareness of climate impact, although further transparency regarding broader emissions scopes and reduction initiatives would enhance their climate commitment profile.
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 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.