Tandem's Climate Ambition

Tandem, the UK's greener digital bank, is turning its climate ambition into impact by partnering with Climate Impact Partners to offset its residual emissions and deliver clean, affordable energy to off-grid communities in East Africa, reinforcing its leadership in sustainable finance.

Tandem’s mission is clear: helping consumers to choose greener lifestyles. With a net zero target aligned with climate science, Tandem has already made significant strides in reducing its carbon footprint by moving all its premises to renewable energy tariffs and engaging with suppliers. However, addressing residual Scope 3 operational emissions remained a challenge. Tandem sought a solution that would not only offset these emissions, but also deliver meaningful benefits to communities most affected by climate change.

Tandem worked with Climate Impact Partners to offset 100% of its 2023 operational emissions by purchasing high quality carbon credits. They are supporting the Rooftop Solar Energy project in Kenya and Uganda. This project distributes solar lighting systems to households not connected to the electricity grid, replacing inefficient and expensive kerosene lamps with affordable, renewable energy solutions. It also offers affordable pay-as-you-go solar systems with mobile-based microfinance, making clean energy accessible to low-income households.

This approach not only offsets Tandem’s residual emissions but also delivers immediate, measurable benefits to communities most in need.

With the support of Climate Impact Partners, Tandem achieved the following:

• Offset 3,013 Tonnes of CO2: Fully addressed its operational emissions for 2023.
• Green banking leadership: Reinforced its position as a sustainability leader, aligning with its mission to help customers choose greener lifestyles.
• Community empowerment: Is providing clean, affordable energy to off-grid households in Kenya and Uganda, improving health, reducing costs, and supporting local economies.

"Banking shouldn’t cost the earth. At Tandem, we’re helping people transition to greener ways of living — whether it’s through loans for energy-efficient homes, lower emission vehicles, or green savings – whilst reducing their carbon footprint . As we work towards our own net zero targets, offsetting lets us act now. Partnering with Climate Impact Partners, with their 20+ years of expertise in carbon offsetting, means we are supporting projects, like the Rooftop Solar Energy in East Africa, and making a real, verified impact on the climate." Alex Moffart, Chief Executive Officer, Tandem

Tandem and Climate Impact Partners working together demonstrates how businesses can pair climate action with social impact. By supporting the Rooftop Solar Energy project, Tandem is addressing its emissions while improving lives, enhancing energy access, and fostering a greener future for vulnerable communities.