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ESG Ratings
Sustainalytics 17.9 Low risk MSCI AA Moody's ESG Solutions 51

Our approach to sustainability

As a Purpose-led business dedicated to Making you happier about money, we focus on where we can make the biggest difference to the environment and society.

As one of the UK’s largest banks, we have an important role to play in facilitating the country’s transition to a low-carbon economy, while leveraging the opportunities and managing the risks the Group is exposed to from climate change. We have aligned our business strategy to be consistent with and contribute to individuals' needs and society's goals, as expressed in the Sustainable Development Goals. We are committed to working with our stakeholders to realise the ambitions of the Paris Climate Agreement, as well as other initiatives which support society’s low-carbon transition and help the world reach net zero.

In line with our Net Zero Banking Alliance commitment, the Group has set initial transition plans  taking into account the draft Transition Plan Taskforce (TPT) framework and guidance from the UK CCC.  We’ve disclosed targets and roadmaps covering our operational emissions and c.85% of the Group’s lending portfolio, and we’ve outlined our approach to supporting our highest emitting customers to develop their own transition plans.

Through regular interaction with our stakeholders and with the support of many great partnerships, we’re able to continually refresh our understanding of the issues which are of greatest importance in society and develop tools and products which educate and inform both our own and our customers’ transition to a just and sustainable low carbon economy.

In true ‘Straight-up ESG’ style, our ESG resource hub provides easy to access information on our strategy, policies and statements.

View ESG resource hub

Being a Force for Good

“At Virgin Money we have a moral and commercial imperative for creating a sustainable business. As society continues to adjust to new challenges, I believe we have an opportunity – and an obligation – to play a strong role in helping customers and communities navigate the road ahead.”

"From transitioning to a greener economy and reimagining customer’s business models and developing more inclusive products – we are working hard to be a force for good in society”.

David Duffy, Chief Executive Officer