Tandem looks to boost its sustainability credentials with new head of ESG

Tandem Bank is planning a renewal of its core focus on sustainability with the fresh appointment of James Streeter into a newly created role as head of ESG.

Streeter has worked in sustainability for over 25 years, with time at global energy firms including BG Group, Hess Corporation, and Blue International Group.

He will now have responsibility for Tandem’s environmental, social and governance policies, compliance and target-setting, in addition to working on the integration of ESG across all of the bank’s products and propositions.

“Tandem’s already done some great work on developing an ESG framework around Product, People and Planet,” Streeter said.

“It’s had some good results, but there’s more to do. After working with Tandem recently in a consultancy capacity, I’m excited to join the team and take on this newly created role.”

Streeter will be based in Tandem’s new London office and plans to build out an ESG team at the bank in the future.

Over 68 per cent of the bank’s existing loan book is focussed on supporting green initiatives like home improvement loans for energy efficiency improvements, low emission motor loans and EPC discount mortgages.

The bank also does not invest in fossil fuels or destructive industries.

“Being green and responsible is at the heart of our business,” Alex Mollart, Tandem’s CEO said.

“James will play a crucial role in helping us maintain that while also building out other exciting commitments and steps towards helping our customers have a greener lifestyle.”