- Increased expected credit losses associated with the Vehicle Finance business due to a pause in collections processes following the FCA’s review of Borrowers in Financial Difficulty (‘BiFD’).
- Subdued economy impacting demand for credit and high cost of borrowing for customers.
- FCA review of discretionary commission arrangements in the motor finance market (deferred to May 2025).
Secure Trust Bank PLC
Greenhouse gas emissions & sustainability report data
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.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2019 | 769.7 tonnes of CO2e (Scope 1-3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Launched a new employee benefit, a green car scheme, enabling employees to lease brand new electric or plug-in hybrid vehicles.
- Became members of the Partnership for Carbon Accounting Financials (‘PCAF’) to monitor and manage environmental impacts.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Complete review of collections processes in Vehicle Finance by year-end.
📅 Medium-term
- Achieve £8 million of annualised cost savings by 2025.
- Achieve net lending of £4 billion.
🌱 ESG Focus Areas
Climate ActionEmployee WellbeingVolunteering