Thursday, February 25, 2021

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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

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