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ESG Ratings
Sustainalytics 18.5 MSCI AA Moody's ESG Solutions 51

Making positive change

This goal recognises the urgent need to reduce our negative impact on the planet. We’ve got a series of commitments and aspirations over the next 10 years, including achieving net zero operational and supplier carbon emissions and at least halving the carbon emissions across everything Virgin Money finances.

We look at our operational emissions (scope 1, 2 and 3) through three lenses: property, colleagues and suppliers.

  • Property: we have a clear path to reducing our overall location- based energy consumption by 50% in FY25 from an FY20 baseline.
  • Colleagues: we’ve introduced a model which provides colleagues with the flexibility to design the way of working that suits them and their team best and are capturing data on the impact this has on their home energy usage and emissions from commuting.
  • Suppliers: we’re gathering data on our suppliers’ carbon emissions and commitments to transition to a low-carbon economy.

We’re focused on reducing the operational emissions we already track and continue to invest in energy efficiency measures, supply from renewable sources and reducing, reusing and recycling wherever possible.

Fast Facts

2030 Aspirations

Net zero operational and supplier carbon emissions.

Short > Medium Term Targets

10% reduction in operational carbon emissions by 2023 from 2022 baseline

(Baseline: 2022 Scope 1 & 2 carbon emissions of 10,286)

Reduce our overall location based energy consumption by 50% in FY25 from our 2020 baseline

(Baseline: 2020 Scope 1 & 2 carbon emissions of 14,320)