- Uncertainty in the wider economic outlook.
- Growing inflation impacting the cost of living for customers.
- Pressures from a competitive market environment.
- Risk of growing lending exposing the bank to higher credit risk.
- Risk that criminals use Monzo products and services for financial crime.
- Risk of not maintaining enough capital to meet regulatory requirements.
- Risk of data loss from cyberattacks.
- Risk that business processes don’t operate to an appropriate standard.
- Risk that customers experience harm as a result of poorly designed products and customer experiences.
- Risk of increased competition.
Monzo Bank Limited
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Monzo Bank Limited disclosed greenhouse gas emissions of 11.2K tCO2e/year (net). By scope: Scope 1: 11.8 tCO2e/year; Scope 2: 463.6 tCO2e/year; Scope 3: 12.5K tCO2e/year (gross). 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
11.2K tCO2e/year (net)
2022
Energy Use
1.1M kWh/year
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). | 11.8 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 463.6 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 12.5K tCO2e/year (gross) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Set an ambitious goal of reaching net zero emissions by 2030.
- Measured and reported on carbon footprint for the first time.
- Committed to not directly investing customer deposits in fossil fuel-based energy companies.
- Took action to reduce emissions and purchased carbon removals.
- London and Cardiff offices now run on electricity from renewable energy sources.
- Emissions from colleague travel offset.
- Emissions associated with making, shipping, and spending on Monzo cards are net zero.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve profitability in 2023.
📅 Medium-term
- Achieve net zero emissions by 2030.
🌱 ESG Focus Areas
PeopleCommunity and social mattersEnvironmentAnti-corruption and anti-briberyHuman rights