Starling Bank
Starling Bank, a pioneering digital bank headquartered in Great Britain, has transformed the banking landscape since its inception in 2014. With a focus on providing innovative financial services, Starling operates primarily in the UK, offering a range of products including personal and business accounts, loans, and payment solutions. Renowned for its user-friendly mobile app and real-time banking features, Starling Bank stands out in the fintech industry by prioritising customer experience and transparency. The bank has achieved significant milestones, such as becoming the first UK bank to receive a full banking licence from the Prudential Regulation Authority in 2016. With a strong market position, Starling has garnered numerous awards for its services, solidifying its reputation as a leader in the digital banking sector.
DitchCarbon Score
How does Starling 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
Starling Bank's score of 34 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Starling Bank's reported carbon emissions
In 2023, Starling Bank reported total carbon emissions of approximately 180,000 kg CO2e. This figure includes 23,000 kg CO2e from Scope 1 emissions and 138,000 kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions accounted for about 19,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were around 124,000 kg CO2e, with Scope 1 emissions at 12,000 kg CO2e and Scope 2 emissions at 112,000 kg CO2e. This indicates a significant increase in emissions in 2023. In 2021, total emissions were reported at approximately 284,980 kg CO2e, with Scope 1 emissions of 14,980 kg CO2e and Scope 2 emissions of 258,740 kg CO2e. Starling Bank has committed to near-term climate targets, although specific reduction targets have not been publicly detailed. The bank is not currently committed to a net-zero target. As a financial institution based in the United Kingdom, Starling Bank is part of the broader banking sector's efforts to address climate change, with a deadline to submit targets set for October 2023. Overall, while Starling Bank has made strides in tracking its carbon emissions, the increase in emissions from 2022 to 2023 highlights the need for ongoing commitment and action towards reducing its carbon footprint.
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Add to project| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 14,980 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 258,740 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 7,529,000 | - | 00,000 | 00,000 |
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.
Starling Bank is committed to some 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.
