Tsb Bank Plc 2020 AR2
The report outlines TSB Banking Group plc's performance and strategic progress during 2020, a year heavily impacted by the COVID-19 pandemic. The company launched its 'Do What Matters' plan, establishing commitments to address climate change, diversity, and inclusion, and became the first high street bank accredited by the Good Business Charter. TSB achieved its goal of sourcing 100% of its electricity from renewable sources, reducing its operational carbon emissions by 66%. Despite a statutory loss before tax of £204.6 million driven by credit impairment charges and restructuring costs, the bank maintained a strong balance sheet with significant growth in customer deposits and loans.
Company: Tsb Bank Plc
Year: 2020
Type: AR2
Pages: 126
Tsb Bank Plc
Annual Report And Accounts
The report outlines TSB Banking Group plc's performance and strategic progress during 2020, a year heavily impacted by the COVID-19 pandemic. The company launched its 'Do What Matters' plan, establishing commitments to address climate change, diversity, and inclusion, and became the first high street bank accredited by the Good Business Charter. TSB achieved its goal of sourcing 100% of its electricity from renewable sources, reducing its operational carbon emissions by 66%. Despite a statutory loss before tax of £204.6 million driven by credit impairment charges and restructuring costs, the bank maintained a strong balance sheet with significant growth in customer deposits and loans.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Net Zero Target
Employees