- Cost of living crisis impacting customer affordability and borrowing.
- Delivering fair customer outcomes and preventing customer harm in a changing economic and digital landscape.
- Increased fraud activity due to economic pressures and organized crime.
- Climate change risks (physical and transition risks).
- Maintaining technical and operational resilience in a competitive market.
- Attracting and retaining talent.
- Potential divergence in UK and EU regulations.
TSB Banking Group plc
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, TSB Banking Group plc disclosed greenhouse gas emissions of 5.6K tCO2e (location-based). By scope: Scope 1: 1.7K tCO2e; Scope 2: 3.0K tCO2e; Scope 3: 925 tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
5.6K tCO2e (location-based)
2022
Renewable Energy
100%
of total energy
Water Usage
39.3K m3
2022
Waste
839 tons
2022
Energy Use
23.844 million kWh
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.7K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.0K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 925 tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 market-based emissions by 73% compared to 2019.
- Reduced Scope 3 operational emissions by 68% compared to 2019.
- Achieved 100% renewable electricity procurement.
- Launched Energy Optimisation programme.
- Completed LED replacement programme.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Improve recycling rate to 90%.
📅 Medium-term
- Achieve operational net zero emissions by 2030.
- Launch more green product offers for customers.
🔭 Long-term
- Transition financed emissions to net zero by 2050.
🌱 ESG Focus Areas
Financial inclusionClimate changeSupporting small businessesDiversity and inclusionEnvironmental sustainability