Virgin Money
Sustainability Report and Carbon Intensity Rankings
Is Virgin Money doing their part?
Their DitchCarbon score is 64
Virgin Money has a DitchCarbon Score of 64, indicating a moderate level of sustainability in their operations. This score reflects the company’s efforts to manage and reduce its carbon intensity. A higher score would signify even greater success in minimizing their environmental impact through lower carbon emissions.
This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.
Industry emissions intensity
Very low
Low
Medium
High
Very high
Virgin Money operates in the finance sector, which has a very low carbon intensity ranking. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.
Location emissions intensity
Very low
Low
Medium
High
Very high
Virgin Money is situated in the United Kingdom, which has a very low carbon intensity rating. This favorable environmental context supports the company’s sustainability efforts by reducing the carbon footprint associated with its operations.
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– Historical Scope 1, 2 and 3 emissions
– Coverage of all industries, product level data
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Unlock 30+ emissions data points on Virgin Money
Get the emissions intelligence you need, no surveys required.
– Historical Scope 1, 2 and 3 emissions
– Coverage of all industries, product level data
– Emissions forecasting, assurances
13.17%
...this company is doing 13.17% better in emissions than the industry average.
Virgin Money, founded in 1995 and headquartered in Newcastle upon Tyne, operates within the finance sector. The company is known for its unique approach to banking and financial services, offering a blend of online services, customer contact centers, and physical stores and lounges. With a strong brand and customer-focused culture, Virgin Money aims to benefit customers, colleagues, communities, corporate partners, and the company itself.
emission intelligence's platform recommendations for Virgin Money
Virgin Money should undertake a comprehensive inventory of all Scope 2 emissions sources, establish precise reduction targets for each type of purchased energy, and improve their monitoring and reporting systems to better track progress and uncover additional reduction opportunities, potentially decreasing emissions by 25%.
Good news, Virgin Money has embraced SBTi commitments
Virgin Money has pledged to align its business practices with the Science Based Targets initiative to significantly reduce greenhouse gas emissions. This commitment means the company will implement strategies to cut carbon emissions across its operations and value chain in line with climate science.
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Our methodology
Read about our emission calculation methodologies, and what the DitchCarbon Score means.
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