TSB: Sets out pathway to net-zero carbon and commits to science-based targets

  • TSB unveiled its plans to hit net-zero carbon emissions by 2030, a key commitment in its responsible business strategy
  • The bank delivers a net-zero carbon pathway that meets international standards independently validated
  • In 2019 TSB baselined its own carbon emissions and built a comprehensive understanding of the sources of those emissions
  • TSB already buys all its electricity from renewable sources and this change alone resulted in a two-thirds reduction
  • The bank also working to make its branches more energy efficient by reducing energy usage
  • TSB set a target to reduce these emissions permanently from pre-Covid levels by 50% once restrictions are eased
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

New York Finalizes BNPL Rules to Strengthen Consumer Protections

New regulations aim to enhance transparency in buy now, pay later services.Highlights: New York's final regulations for BNPL...

Visa Accelerates AI Leadership in Payment Industry Race

Visa's push for AI supremacy shapes the future of financial technology.Highlights: Visa increases investment in AI technology.The payment...

Tokenization Set to Transform Financial Services Industry, Survey Finds

New survey highlights the rising importance of tokenization in finance.Highlights: A new survey shows rising interest in tokenization...

New Dataset Launch Strengthens UK Financial RegTech Sector

A comprehensive tool for mapping the UK RegTech landscape has been unveiled.Highlights: A new dataset has been launched...