Virgin Money
Virgin Money, officially known as Virgin Money UK PLC, is a prominent financial services provider headquartered in Great Britain. Established in 1995, the company has evolved significantly, becoming a key player in the banking industry with a focus on personal banking, savings, and mortgages. With a strong presence across the UK, Virgin Money distinguishes itself through its innovative approach to customer service and a commitment to ethical banking practices. The company offers a range of core products, including competitive savings accounts, credit cards, and home loans, all designed to meet the diverse needs of its customers. Notable achievements include its successful integration with Clydesdale Bank and Yorkshire Bank, enhancing its market position. Virgin Money continues to be recognised for its customer-centric ethos and dedication to providing unique financial solutions.
DitchCarbon Score
How does Virgin Money'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
Virgin Money's score of 20 is lower than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Virgin Money's reported carbon emissions
In 2022, Virgin Money reported carbon emissions associated with its mortgage operations, amounting to approximately 39,000 kg CO2e. This figure reflects the company's commitment to understanding and managing its environmental impact, although specific data on total emissions across all scopes (Scope 1, 2, and 3) is not available. Virgin Money has not publicly set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other formal climate pledges. However, the company is actively engaged in assessing its emissions and exploring ways to enhance its sustainability practices. As a financial institution headquartered in Great Britain, Virgin Money is part of a broader industry trend towards increased transparency and accountability regarding carbon emissions. The lack of comprehensive emissions data highlights the ongoing challenge many organisations face in accurately measuring and reporting their environmental footprint.
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.
Virgin Money 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.
