Direct emissions
196
tCO2e
V
Vanquis Banking Group PLC
Explore carbon emissions data for Vanquis Banking Group PLC. Mycelium helps you review reported emissions, disclosure status, Scope 1, Scope 2 and Scope 3 data, climate targets and sustainability information in one company profile.
This profile brings together available carbon emissions data for Vanquis Banking Group PLC, including reported figures, modelled estimates, disclosure documents and sustainability indicators, so you can review its emissions and compare its performance against similar companies. Read how we source and check this data.
Emissions
Carbon emissions
Total yearly emissions across all scopes
184,512 tCO2e (Market Based)
Scope 1
tCO2e
196
Scope 2 (Market Based)
tCO2e
59
Scope 3 total
tCO2e
184,257
Scope 3 reported
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
Provenance
Emissions
Factors
402,425
kgCO2e / £M
Supplier specific emission factors (kgCO2e / £M)
Modelled
Reported
Scope 1 + 2
Direct + purchased energy
556
556
Upstream
+ upstream Scope 3
77,577
74,225
Total
+ all Scope 3
402,425
323,455
Which figure should I use?
Use Modelled. It is the most complete view: any categories the company hasn't disclosed are filled with industry-typical estimates, so a transparent company isn't unfairly penalised against one that simply hasn't reported.
Reported counts only emissions the company has filed itself. A blank or low Reported cell doesn't mean those emissions don't exist, just that the company hasn't disclosed them.
When Reported sits close to Modelled, that is a positive signal. The company has disclosed most of its salient emissions and there's little gap for the model to fill. Even then, Modelled is the right figure to use for a like-for-like comparison across companies.
Sustainability
Snapshot
Based on reported data, retrieved with AI
- Vanquis Banking Group PLC reported 184,512 tCO₂e in 2025.
- Scope 3 accounted for 100% of emissions.
- Reported across 6 of 15 GHG Protocol Scope 3 categories.
- Scope 2 reported under the market based methodology.
According to available emissions disclosures, Vanquis Banking Group PLC reported total yearly emissions of 184,512 tCO₂e in 2025. Scope 3 emissions accounted for 100% of reported output, indicating supply chain activity, purchased goods and services, business travel, and wider operational dependencies were the most significant contributors to the company's carbon footprint.
The company achieved a Mycelium Score of 1.9, placing it well below average for its sector for sustainability performance, and received a transparency score of 47.0, pointing to fairly limited disclosure, with notable gaps in key areas.
Total Emissions across all scopes
184,512 tCO2e (Market Based)
Scope 1 emissions
Direct emissions from sources the company owns or controls, such as fuel use, facilities and vehicles.
Scope 2 emissions
Indirect emissions from purchased energy, including electricity, heating and cooling.
Location based
273
tCO2eMarket based
59
tCO2eScope 3 emissions
Wider value chain emissions across the 15 GHG Protocol categories, from purchased goods and business travel to investments, where reported.
Cat 1
Purchased goods & services
31,333
tCO2eCat 2
Capital goods
512
tCO2eCat 3
Fuel & energy related activities
440
tCO2eCat 4
Upstream transportation & distribution
512
tCO2eCat 5
Waste generated in operations
2
tCO2eCat 6
Business travel
1,050
tCO2eCat 7
Employee commuting
952
tCO2eCat 8
Upstream leased assets
512
tCO2eCat 9
Downstream transportation & distribution
512
tCO2eCat 10
Processing of sold products
512
tCO2eCat 11
Use of sold products
32,109
tCO2eCat 12
End-of-life treatment of sold products
512
tCO2eCat 13
Downstream leased assets
512
tCO2eCat 14
Franchises
512
tCO2eCat 15
Investments
114,272
tCO2e9 values were derived via Mycelium's normalisation process rather than reported by the company. Cells marked “–” were not disclosed.
Climate targets
Science Based Targets initiative
Near-term target
Targets set (1.5°C), target year 2028
Source: Science Based Targets initiative, Companies Taking Action.
Contact Info
Website
www.vanquisbankinggroup.comAddress
No. 1
Godwin Street
Bradford
Bradford
West Yorkshire
BD1 2SU
Country
United Kingdom
Phone
+44 1274 351351Browse carbon emissions data by industry
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How scoring works
How the Mycelium Score is calculated
The Mycelium Score is out of 10. Up to 6.5 points reflect carbon intensity vs sector peers (emissions normalised against revenue). The remaining 3.5 reflect data quality: third-party verified, profile claimed by the company, and full disclosure across all reporting categories.
A higher score means lower carbon intensity than sector peers, backed by data that's third-party verified, claimed by the company, and fully disclosed. Vanquis Banking Group PLC's score sits at the top of this page and in the score panel.
How the Transparency Score is calculated
The Transparency Score measures how much of a company's key emissions data is publicly disclosed, graded from A (very high) down to F (very low). Crucially, it weights each gap by how material that bucket is for the company's industry, so an undisclosed category where the bulk of emissions sit hurts far more than a minor one.
For Vanquis Banking Group PLC, the single biggest gap is Use of sold products (Scope 3 Category 11). Mycelium estimates it accounts for around 17% of the company's total footprint, typically the largest source of emissions for a Services company, yet it hasn't been disclosed. Leaving a bucket this large unreported is what's holding the transparency score down.
In total, roughly 17% of Vanquis Banking Group PLC's estimated emissions sit in categories it hasn't reported. Disclosing these would be the fastest way to raise the transparency score.
Read the full scoring methodology
Our white paper covers exactly how the Mycelium Score and Transparency Score are calculated, including the normalisation process and what earns a 10/10.
Download the white paper (PDF)
Vanquis Banking Group PLC carbon emissions FAQs
What are Vanquis Banking Group PLC's carbon emissions?
In its 2025 reporting year, Vanquis Banking Group PLC disclosed total emissions of 184,512 tCO2e across all scopes. Scope 3 accounted for the largest share, around 100% of the total.
Does Vanquis Banking Group PLC report Scope 1, Scope 2 and Scope 3 emissions?
For 2025, Vanquis Banking Group PLC's available disclosure covers Scope 1 (196 tCO2e), Scope 2 (59 tCO2e), Scope 3 across 6 of the 15 GHG Protocol categories. Figures not reported by the company are shown as modelled estimates and labelled as such.
How transparent is Vanquis Banking Group PLC's emissions reporting?
Vanquis Banking Group PLC has a Mycelium transparency score of 47 out of 100. The score weights each emissions category by how material it is for the company's industry, so it reflects whether the disclosures that matter most have been made.
Is Vanquis Banking Group PLC sustainable?
Mycelium measures sustainability through carbon emissions data rather than giving a yes or no verdict. Vanquis Banking Group PLC has a Mycelium Score of 1.9 out of 10, which reflects its emissions intensity against sector peers together with how transparent and well-verified its reporting is. The emissions figures, disclosure documents and climate targets on this page give the fuller picture.
Is Vanquis Banking Group PLC environmentally friendly?
Carbon emissions are one measurable part of environmental impact, and the part Mycelium tracks. Vanquis Banking Group PLC disclosed 184,512 tCO2e for 2025, and its Mycelium Score of 1.9 out of 10 shows how that performance compares with similar companies in its sector.
Learn more about our methodology and where this data comes from.
