- Rising cost of living impacting customers, colleagues, and communities
- Supply chain disruptions (implied)
- Growing gap in credit supply to non-prime customers
Vanquis Banking Group plc
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Vanquis Banking Group plc disclosed greenhouse gas emissions of 248.2K tCO2e/year (location-based). By scope: Scope 1: 154 tCO2e/year; Scope 2: 862 tCO2e/year; Scope 3: 247.2K tCO2e/year. 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
248.2K tCO2e/year (location-based)
2022
Water Usage
11.4K m3/year
2022
Waste
187 tons/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). | 154 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 862 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 247.2K tCO2e/year |
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 |
|---|---|
| 2022 | 248.2K tCO2e/year (location-based) |
| 2020 | 4.5K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 18% reduction in scope 1 and 2 (and associated scope 3) emissions
- 90% of waste recycled or sent for energy recovery
- 29% reduction in total gas usage
- 92% reduction in miles colleagues drive own cars for business
- 7% reduction in suppliers’ emissions
- 29% reduction in paper usage
- 16% reduction in waste sent to landfill
🎯 Climate & Sustainability Targets
🔜 Short-term
- Set science-based carbon reduction targets for scopes 1, 2, and 3 (Category 1) by Q2 2023
📅 Medium-term
- Achieve 40% female representation in senior management by 2024
🔭 Long-term
- Achieve net zero carbon dioxide emissions by 2040
🌱 ESG Focus Areas
Climate ChangeFinancial InclusionCommunity InvestmentDiversity & InclusionResponsible LendingGovernance