Tandem Bank
Tandem Bank, officially known as Tandem Bank Limited, is a pioneering digital bank headquartered in Great Britain. Founded in 2014, Tandem has rapidly established itself within the fintech industry, focusing on providing innovative banking solutions primarily in the UK market. The bank offers a range of core products, including savings accounts, credit cards, and personal loans, distinguished by their user-friendly digital platform and commitment to sustainability. Tandem's unique approach to banking integrates technology with customer-centric services, allowing users to manage their finances seamlessly. With a strong emphasis on ethical banking, Tandem Bank has garnered recognition for its transparent practices and competitive offerings, positioning itself as a notable player in the evolving landscape of digital finance.
DitchCarbon Score
How does Tandem 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
Tandem Bank's score of 56 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tandem Bank's reported carbon emissions
In 2024, Tandem Bank reported total carbon emissions of approximately 239,000,000 kg CO2e, with significant contributions from Scope 3 emissions at about 231,934,000 kg CO2e. Scope 1 emissions were recorded at 7,000 kg CO2e, while Scope 2 emissions totalled 8,000 kg CO2e (market-based) and 53,000 kg CO2e (location-based). Comparatively, in 2023, the bank's emissions were about 242,000,000 kg CO2e, with Scope 3 emissions at approximately 242,023,000 kg CO2e, Scope 1 at 30,000 kg CO2e, and Scope 2 at 3,000 kg CO2e (market-based) and 46,000 kg CO2e (location-based). Tandem Bank has set an interim carbon reduction target aligned with the Science Based Targets Initiative (SBTi) for 2030, aiming to support their long-term goal of achieving net-zero emissions by 2050. This commitment reflects their proactive approach to addressing climate change and reducing their carbon footprint across all scopes of emissions.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 9,000 | 00,000 | 0,000 |
| Scope 2 | 47,000 | 0,000 | 0,000 |
| Scope 3 | 189,394,000 | 000,000,000 | 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.
Tandem 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.
