Potential offtaker

Starling Bank

www.starlingbank.com

Estimated electricity consumption

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Countries of production presence

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Starling Bank is a digital bank based in the United Kingdom that operates in the banking sector. The bank was founded in 2014 by Anne Boden, a former executive at Allied Irish Banks, and was granted its banking license in 2016. Since then, Starling Bank has grown to become one of the most innovative and customer-focused banks in the UK, with a range of products and services that cater to the needs of its customers.

One of the key areas of focus for Starling Bank is decarbonisation. The bank is committed to reducing its carbon footprint and has set a target to become a net-zero carbon bank by 2025. To achieve this, Starling Bank has implemented a range of measures to reduce its energy consumption and to switch to renewable energy sources.

One of the ways that Starling Bank is reducing its energy consumption is through the use of corporate energy. Corporate energy is a term used to describe the energy that is consumed by a business or organization. By reducing its corporate energy consumption, Starling Bank is able to reduce its carbon footprint and contribute to the decarbonisation of the UK economy.

Another way that Starling Bank is contributing to decarbonisation is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a contract between a business and a renewable energy provider that allows the business to purchase renewable energy at a fixed price. By using corporate PPAs, Starling Bank is able to support the growth of renewable energy in the UK and reduce its carbon footprint.

In addition to its commitment to decarbonisation, Starling Bank is also committed to corporate social responsibility. The bank has a range of initiatives in place to support local communities and to promote financial inclusion. For example, Starling Bank has partnered with the Trussell Trust, a UK charity that provides food banks to people in need. Through this partnership, Starling Bank is able to support the Trussell Trust in its mission to end hunger in the UK.

Overall, Starling Bank is a forward-thinking and innovative bank that is committed to decarbonisation and corporate social responsibility. With its focus on renewable energy and its commitment to reducing its carbon footprint, Starling Bank is leading the way in the transition to a low-carbon economy.