- Increased competition in the saving products market.
- Challenges attracting and retaining sight depositors.
- Higher interest rates and inflationary environment impacting customers.
- Increased default rates in the unsecured proportion of SME lending.
- Transition from start-up to a mature bank.
- Evolving regulatory environment.
- Increasing cost pressures from funding and maintenance of legacy technology.
Starling Bank Limited
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Starling Bank Limited disclosed greenhouse gas emissions of 237 tCO2e/year (Scope 1,2 & Business Travel). By scope: Scope 1: 32 tCO2e/year; Scope 2: 173 tCO2e/year; Scope 3: 32 tCO2e/year (Business Travel). 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
237 tCO2e/year (Scope 1,2 & Business Travel)
2024
Energy Use
1.0M kWh/year
2024
📊 Emissions by Scope (2024)
| 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). | 32 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 173 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 32 tCO2e/year (Business Travel) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024 | 237 tCO2e/year (Scope 1,2 & Business Travel) |
| 2023 | 161 tCO2e/year (location-based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Originated £178m of green mortgages through Fleet.
- Offset all non-finance carbon emissions.
- Achieved a 1/3 reduction in emissions from our own operations and supply chain by 2030.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Further improve customer journey and experience.
📅 Medium-term
- Achieve a 1/3 reduction in emissions from our own operations and supply chain by 2030.
- Implement a range of green products.
🔭 Long-term
- Net zero emissions by 2050.
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionCommunity InvestmentData PrivacyFraud PreventionSupplier ManagementAnti-slavery and Trafficking