Virgin Money UK

Diversified Banks
VMUK.L
GBX 179 1.2
Share price
$ 3 bn
Market Cap
$ 22 bn
Enterprise Value

Carbon footprint

0.5 Ton
GHG emissions per $ 1 mln investment
0.01x the weighted average for S&P 500
FY2021
How is this calculated?
-24%
YOY change in GHG emissions
Weaker than the +4.2% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-8.6%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Virgin Money UK aims to reduce Scope 1 + 2 by 50% by 2025 from a base year 2020


This target has not been verified as science based according to SBTi
Virgin Money UK's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Virgin Money UK's GHG emissions (location-based) (Kt of CO2e)

Virgin Money UK's carbon footprint

Virgin Money UK reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2021 at 11 Kt (-3.4 /-23.7% y-o-y).

Virgin Money UK's Scope 3 emissions plummeted to 4 Kt (-1.4 /-26.7% y-o-y). The decline accelerated compared to the CAGR of -14.3% since 2Q'19.

The company is committed to reducing Scope 1 + 2 by 50% by 2025 from a base year 2020, which translates into the estimated reduction of -0.94 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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