Virgin Money UK PLC
Virgin Money's Climate Target Data Preview
As of 2023, Virgin Money has disclosed 6 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 4 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Virgin Money's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2030 |
Absolute-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per British Pound Sterling (GBP) of Revenue | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per British Pound Sterling (GBP) of Unspecified Unit | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per British Pound Sterling (GBP) of Loan Ammount | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy/Paste is a PRO feature.  a | 2030 |
Verified Sources Behind Virgin Money’s Climate Targets Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Virgin Money’s data sources below and access millions more through our Disclosure Search.
Insights into Virgin Money's Greenhouse Gas Emissions Pathways
As of 2023, Virgin Money has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
Does Virgin Money have a target to reduce the emissions from its operations?
As of 2023, Virgin Money has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Virgin Money's most ambitious operational target is to reduce these emissions by 42% by 2030, compared to a baseline of 3,395 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022.a
As of 2023, Virgin Money is ahead of schedule on its operational emissions reduction target, having achieved 50.36% of the planned reduction.a
Virgin Money's Operational (Scope 1+2) Emissions Pathway
Does Virgin Money have a target to reduce the emissions from its value chain?
As of 2023, Virgin Money has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Virgin Money's most ambitious value chain target is to reduce these emissions by 53% by 2030, compared to a baseline of 0.032 Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) in 2021.a
As of 2023, Virgin Money is lagging behind on its value chain emissions reduction target, having achieved 7.02% of the planned reduction.a