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‘61% of Brits to switch suppliers after high bills’
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Existing TSB buy-to-let or residential mortgage customers can borrow £10,000 or more fo fund a range of green home improvements, including loft and wall insulation and solar panel installation
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The proceeds of the bond will be allocated to green loans incentivising landlords to mitigate the impacts of climate change
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Jane Fraser made the announcement on her first day as Chief Executive Officer, with plans to publish the bank’s initial ‘Net Zero by 2050’ plan within the next year
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The company has committed to reducing gas consumption for heating, which accounted for 94% of TSB’s remaining Scope 1 and Scope 2 emissions in 2020
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Nearly seven-in-ten customers are likely to choose banks with positive social and environmental impacts, according to a new report
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The strategy aims to prioritise financing and investment that supports decarbonisation and promises to ‘apply a climate lens’ to financing decisions
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The bank, which financed nearly $11 billion in fossil fuel expansion in 2019 alone, has not elaborated on its plans to reach the target
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Among other reasons, the bank has been recognised for contributing to the UK’s target of net zero emissions by 2050
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In his new role, he will provide independent advice, guidance and challenge to senior executives and management, as well as inform the implementation and delivery of the bank’s sustainability targets
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The bank is to join the Partnership for Carbon Accounting Financials, which was set up in 2019 to standardise carbon accounting across the financial sector
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The tech giant has partnered with Italian startup Flowe for a banking platform, which aims to educate younger ages about sustainable spending
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The bank says an updated climate plan would further its climate and environmental finance and support a ‘green, low carbon and resilient future’
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