October 17, 2022
This month we will delve into our new Climate Champion: Atom Bank.
We’ve been working with Atom Bank for the past year, during which it has pledged to make more progress in its sustainability journey by measuring its carbon footprint.
Atom Bank recently released its Carbon Report analysing its impact and the progress it has made towards reaching net zero.
This blog will highlight the most important aspects of the report and give an overview of Atom Bank’s insights and actions to fight climate change.
Who is Atom Bank?
Atom Bank is the UK’s first app-based bank focusing strongly on their customers' experiences.
Their app helps customers save, buy and grow for their individual purposes.
Their products are designed to be simple, straightforward and therefore hassle-free for their customers. Due to the bank being online only, it does not need to pay for traditional branch expenses. As a result, is able to pass on competitive rates to its customers.
What was Atom’s impact?
Atom Bank produced a total of 1.09 tCO2e per employee in 2021. The company had 426 full-time employees, meaning that their overall impact was 463 tCO2e.
The most contributing factors towards their output were IT equipment (33%), energy used while working from home (17%), electricity purchased to run facilities (12%) and commuting (10%).
In the process, we measure: Full Scope 1 and 2 emissions and in Scope 3 emissions we measured transmission and distribution losses (associated with working-from-home in this period), water and wastewater at the company facilities, business travel (flights, taxi, train and underground), employee commute, purchased goods (including IT equipment, stationary, and other office sundry), paper and printing use, postage and distribution, waste generation and handling, internal and external food and drink, company events, cloud computing impact, and working-from-home electricity and heating.
The supply chain was measured based on a scoring criterion of whether suppliers engage with sustainability, report emissions, and engage their own supply chains.
A further breakdown of their emissions:
What is Atom Bank doing to improve its footprint?
Atom Bank is working hard with multiple actions to improve and reduce its footprint. For its short-medium plan, these include:
The most contributing factors towards their output were IT equipment (33%), energy used while working from home (17%), electricity purchased to run facilities (12%) and commuting (10%). For a full list of categories measured see the footnotes.
And of course making sure to keep measuring and tracking their footprint annually to keep up with their progress.
What are Atom Bank’s employees’ top-rated SDGs?
For Atom Bank’s long-term future plans, it is also working towards the United Nation’s Sustainable Development Goals (SDGs).
Their employees voted 3 top SDGs for the company to work towards, these are:
What does Atom Bank want you to know?
Each one of us can make a difference. Together we make change.
So, there you have it - a quick insight into Atom Bank's net zero project and Carbon Survey report. If you're interested in finding out more, then reach out to Atom Bank.
If you would like to read more on Atom Bank’s sustainability journey and its full Carbon Survey report please follow the link.
Whether you're interested in finding out more, need pointers in the right direction, or want to a start a project, get in touch. You can email us directly at firstname.lastname@example.org, or click the button below to see our software in action.
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