Tandem Offsets 100% of Operational Emissions, Funding East Africa Solar Projects

Tandem Offsets 100% of Operational Emissions, Funding East Africa Solar Projects

Tandem, the UK’s greener digital financial institution, has reaffirmed its dedication to local weather action by partnering with Climate Impact Partners (CIP) to offset 100% of its operational emissions for the last monetary yr. The financial institution bought over 3,300 tonnes of verified carbon credit, equal to taking over 700 automobiles off the highway for a yr.

The funding builds on last yr’s success and continues to fund Rooftop Solar Energy initiatives in Kenya and Uganda, delivering instant, high-impact, and measurable environmental and social outcomes. This initiative instantly displays Tandem’s ambition to assist make clear power accessible and reasonably priced.

Credible local weather action with microfinance integration

The Rooftop Solar Energy initiatives instantly handle the lack of grid entry for many houses in components of Kenya and Uganda. By offering photo voltaic techniques that embody LED lights, a lithium-ion battery, and cell fee plans, the initiative brings microfinance to wash power, making the techniques reasonably priced even for low-income households.

The advantages of the project prolong past carbon discount, delivering tangible social impacts. As kerosene use falls, CO₂ emissions drop, while indoor air high quality turns into cleaner and safer. Families acquire dependable energy for finding out, working, and staying related.

Natalie Taylor, director of shopper options at Climate Impact Partners, praised Tandem’s strategy. “Tandem is demonstrating what credible climate action looks like by taking responsibility now and supporting projects that deliver immediate high impact and measurable results,” Taylor commented. She added that the rooftop photo voltaic initiative not only cuts carbon emissions however also transforms lives by offering clear reasonably priced power to communities who want it most.

Offsetting as one pillar in journey to web zero

James Streeter, head of sustainability at Tandem

Tandem stresses that offsetting alone is only one part of its wider Sustainability strategy and its journey to web zero. The financial institution goals to take care of a impartial operational footprint while working vigorously to scale back emissions at the source.

Tandem has dedicated to reaching web zero by 2030 for Scope 1 and a pair of emissions and by 2050 for Scope 3 emissions, intently following Science Based Targets initiative (SBTi) steerage. In 2024, the financial institution efficiently lower its Scope 1 and a pair of emissions by over 50% by shifting places of work and eradicating pure gasoline heating.

While general Scope 3 operational emissions rose barely in FY24, mainly attributable to will increase in bought items and providers , the financial institution is actively tackling provide chain emissions by gathering sustainability data from over 150 suppliers.

James Streeter, Tandem’s head of sustainability, confirmed the long-term strategic focus. “CIP deliver the gold standard in carbon credits, so it’s great to again partner with them—we know that it will have a real, tangible and measurable impact. But this is just one pillar of our Sustainability strategy,” Streeter explained. He famous the financial institution is constant to roll out its Sustainability framework, reporting enhanced disclosures on all Scope 1, 2, and three emissions. Tandem’s most current report also highlighted that the financial institution enabled its clients to keep away from over 70,000 tonnes of CO₂ emissions.

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