At Starling, we’re determined to do our part to fight climate change and protect the environment.
Last year, we set out a long-term ambition to take a leading position amongst other fintechs as a net-zero business, and to start reducing our carbon emissions.
We’ve begun developing permanent plans to reduce and offset our emissions – and for any emissions we can’t immediately change, we’re figuring out how to reduce the impact in other ways. And because we know change takes a village, we’re looking at ways to involve Starling employees in our Netzero journey as it evolves.
As a founding member of the TechZero Charter, we’re committed to measuring all our emissions, and setting a net zero target by the end of 2021.
We’re on a mission to reach net zero emissions by 2050 at the latest, and hopefully much sooner. Which means limiting our carbon footprint in line with the Paris Agreement, to keep global warming to below 1.5°C (the critical level of heating needed to avoid the worst impacts of the climate crisis).
The commitments we’re making
Measure all our organisation’s emissions, including scopes 1, 2 and 3, and report them publicly each year.
- Scope 1 and 2 emissions are the type of emissions a company can control (for example, using gas boilers or air conditioning). Scope 3 emissions occur as a consequence of a company’s activities, but aren’t directly caused by it (for example, goods purchased, or employee travel)
- Publish details by the end of 2021 about how we plan to reach net zero, including setting a net zero target date and an interim target.
- Appoint a member of our executive team to be responsible and accountable for our net zero target.
- Communicate our climate commitments in other meaningful ways, including to our customers.
- Report our progress to our Board annually, and on our website.
We’re already making good progress:
We’ve already set out our approach to responsible banking, which includes a focus on the environment and climate change.
Renewable Energy, recycling and waste
As a digital bank, Starling already has a lower carbon footprint than traditional banks. We’re branchless and paperless. Our three UK offices - London, Southampton and Cardiff - operate on renewable energy, and the packaging we use for our debit cards is recyclable.
We’re the first UK bank to issue Mastercard debit cards made of recycled plastic.
We’ve partnered with Trillion Trees to plant thousands of trees.
The global climate crisis won’t disappear without a fight, which is why it’s so important that corporations play their part and change the way they operate. It’s a big task and there’s a long road ahead, but we’re determined to be on the side of change.