TCS GROUP Holding PLC
TCS GROUP Holding PLC, commonly referred to as TCS Group, is a prominent player in the financial services industry, headquartered in Cyprus (CY). Established in 2005, the company has rapidly expanded its operations across Europe and the Middle East, solidifying its reputation as a trusted provider of innovative financial solutions. Specialising in payment processing, e-commerce, and digital banking services, TCS Group distinguishes itself through its commitment to cutting-edge technology and customer-centric approaches. The company has achieved significant milestones, including strategic partnerships and a growing portfolio of services that cater to diverse client needs. With a strong market position, TCS Group is recognised for its reliability and efficiency, making it a preferred choice for businesses seeking comprehensive financial services. Its dedication to excellence continues to drive its success in an ever-evolving industry landscape.
DitchCarbon Score
How does TCS GROUP Holding PLC's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
TCS GROUP Holding PLC's score of 28 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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TCS GROUP Holding PLC's reported carbon emissions
In 2022, TCS Group Holding PLC reported total carbon emissions of approximately 3,483,786,000 kg CO2e. This figure includes Scope 1 emissions of about 430,000 kg CO2e, primarily from mobile combustion (90,000 kg CO2e) and fugitive emissions (331,000 kg CO2e). Scope 2 emissions, related to purchased electricity, totalled approximately 13,515,000 kg CO2e. The majority of their emissions stem from Scope 3, which accounted for about 3,469,841,000 kg CO2e, with significant contributions from investments (3,341,600,000 kg CO2e) and downstream transportation and distribution (31,535,000 kg CO2e). Comparatively, in 2021, TCS Group's total emissions were about 5,754,060,000 kg CO2e, indicating a reduction of approximately 2,270,274,000 kg CO2e year-on-year. This reduction reflects the company's ongoing commitment to climate action. TCS Group has committed to achieving net-zero emissions across all scopes by 2050, as part of their Science Based Targets initiative (SBTi) commitments. They are currently classified as a "Committed" entity under the SBTi framework, with a deadline to submit specific targets by November 2023. This commitment aligns with their status as a financial institution, indicating a proactive approach to managing climate-related risks and opportunities. Overall, TCS Group Holding PLC is making strides in reducing its carbon footprint while setting ambitious long-term climate goals, demonstrating a commitment to sustainability in the financial sector.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 446,000 | 000,000 | 000,000 |
| Scope 2 | 12,515,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 1,961,622,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
TCS GROUP Holding PLC is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
