An innovative initiative aims to offset carbon emissions and set new sustainability standards in banking.
Durham-headquartered Atom Bank, the UK’s first app-based bank, has purchased 25 acres of woodland to offset all its operational emissions since it was founded in 2014, with bosses promising “to do more” and “the right thing” to “demonstrate real leadership for the sector”.
The newly planted broadleaf trees are expected to sequester 7,000 tonnes of CO2 over their lifetime, aligning with Atom’s pledge to become a climate-positive bank by 2035, a first for UK banking.
