8.6 C
New York
Wednesday, December 8, 2021
Home Challanger banks Starling Bank is about to offset its carbon emissions

Starling Bank is about to offset its carbon emissions

From 2021 the digital bank Starling is going to be on its way to becoming carbon neutral.

Read also: N26 client acquisition gets limited by BaFin

Starling’s total emissions were 7,731 tonnes of CO2 for the year leading up to 31 March 2021.

As a digital bank, Starling’s direct emissions (Scope 1 and Scope 2) are extremely low compared to more traditional banks.

However, Starling wants to do more. “Reducing emissions will only get us so far, so part of our plan involves buying carbon avoidance and sequestration credits to offset our direct and indirect emissions.” 

“Understanding our carbon emissions enables us to make targeted improvements as we continue to grow,” Anne Boden, CEO and founder of Starling Bank said.

“Climate change is one of the biggest challenges that we face globally, and Starling is 100 percent committed to playing its part in the fight against it, not just in the lead up to 2050, but starting right away. This is urgent and we know that our customers expect no less from us.”

Starling’s three UK offices – London, Southampton and Cardiff – run on renewable energy. They also have a Cycle to Work scheme on offer, which encourages employees to get a new bike through ‘salary sacrifice’ and save tax.

In March 2021, Starling’s personal and business account cards became the first UK Mastercard debit cards to be made from recycled plastic. The packaging is also 100% recyclable, including a more eco-friendly water-based glue.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Nik Storonsky wants UK banking license by the start of 2022

Digital bank Revolut is a licensed bank in many countries but still not in the UK where the company is based.

Starling’s Anne Boden says banks must embrace hybrid working

Anne Boden, CEO of Starling Bank, worked in the office from dawn to dusk for most of her life.

Revolut is outpacing rivals in terms of app downloads in 2021

British digital bank Revolut has recorded a 37% increase in downloads of its Android app, new data shows.

The Great British Bounceback: research from Enterprise Nation and Starling Bank

Two-thirds of SME's are confident of increased turnover in 2022, Enterprise Nation and Starling Bank report in new research.