Skip to main content
ESG Ratings
Sustainalytics 18.5 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 are committed to working with our stakeholders to realise the ambitions of the Paris Climate Agreement, as well as the further sustainability initiatives and plans agreed at COP26, to support society’s low-carbon transition and help the world reach net zero.

In line with our Net Zero Banking Alliance commitment, we've developed and published decarbonisation plans covering c.82% of the Group’s lending portfolio which support delivery of the required reductions in emissions. Combined with the societal changes in our key sectors, these initiatives will drive us toward net zero across everything we finance.

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