Annual Report And Accounts

Overview

The report highlights TSB Banking Group plc's financial and operational progress in 2021, emphasizing its transition to a simpler, more resilient bank. Under its responsible business strategy, the 'Do What Matters Plan,' the company committed to achieving operational net-zero carbon emissions by 2030 and aligning its lending portfolio with net-zero emissions by 2050 as a member of the Net-Zero Banking Alliance. TSB reduced its Scope 1 and 2 market-based emissions by 74% compared to its 2019 baseline, driven by estate reduction, paperless processes, and procuring 100% REGO-certified electricity. Additionally, the bank launched green mortgage products, increased senior roles held by women to 41%, and supported local communities through charity partnerships and domestic abuse safe spaces.

Document

Report type: Annual Report
Class: Financial
Scope: Full report
Fiscal year: 2021
Period: Ends 31 December 2021
Publication date: 26 January 2022
Language: English
Pages
File size

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