Tandem Bank Green Gap monthly tracker
Monthly tracker of Tandem Bank’s, the UK’s greener digital bank, Green Gap report shows:
- Green action improving – Tandem’s Green Gap Tracker improves 1.7 points in December, up from 105.5 in November, and 104.3 in October 2023
- Annual Green Gap forecast reduced by 3 points based on latest monthly data – reducing to 19.8 points in December, down from a forecast annual gap of 22.8 in November
- Underlying drivers though growth in renewable energy share, domestic solar panel installation and number of rail journeys taken by UK consumers
James Streeter, head of ESG, Tandem Bank, said: “It’s promising to see the gap continue to close as more and more action is taken in the fight against climate change. But as we know, the pace of action is yet to keep up with intentions – and our green gap continues to illustrate a gap of 19.8pt by our next annual report in October 2024.
The underlying drivers of our index also show a promising picture. I’m particularly pleased to see rail journeys jump significantly – 47million more journeys across the quarter – as well as the share of renewable energy up to almost 50%.
But as our research shows, consumers need confidence in making the switch. Tandem’s will continue to support with our expertise, tools and support, but we need further commitments from Government – let’s hope we’ll see this soon as we head towards a general election.”
UK’s greener digital bank publishes second monthly tracker of annual Green Gap report – available here