Coventry Building Society
Coventry Building Society, one of the largest building societies in the UK, is headquartered in Coventry, GB. Established in 1884, it has a rich history of providing financial services, primarily focusing on savings accounts, mortgages, and insurance products. The society has consistently prioritised customer satisfaction, which has contributed to its strong market position and reputation for reliability. With a commitment to mutuality, Coventry Building Society offers unique products tailored to meet the needs of its members, including competitive mortgage rates and innovative savings solutions. Over the years, it has achieved significant milestones, such as being recognised for its customer service excellence and maintaining a robust financial standing. Operating mainly in the West Midlands and beyond, Coventry Building Society continues to play a vital role in the UK financial landscape.
DitchCarbon Score
How does Coventry Building Society'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 Financial Intermediation 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
Coventry Building Society's score of 85 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Coventry Building Society's reported carbon emissions
In 2024, Coventry Building Society reported total carbon emissions of approximately 1,338,000 kg CO2e from Scope 1 and Scope 2, alongside a significant 701,112,000 kg CO2e from Scope 3 emissions. This represents a continued commitment to transparency in their environmental impact, with emissions data disclosed across all three scopes. The Society has set ambitious climate targets, aiming for Net Zero for Scope 3 upstream emissions by 2030 and a comprehensive Net Zero across all scopes by 2040. Notably, they achieved a 34% reduction in Scope 1 and Scope 2 emissions from 2020 to 2023, demonstrating their proactive approach to climate action. In terms of specific emissions, Scope 1 emissions were reported at 338,000 kg CO2e, while Scope 2 emissions totalled 1,180,000 kg CO2e. The Society's Scope 3 emissions, which include purchased goods and services, accounted for a substantial portion of their overall carbon footprint, with 17,408,000 kg CO2e attributed to this category alone. Coventry Building Society's long-term climate ambition includes a commitment to achieving Net Zero for all emissions by 2040, which encompasses their mortgage loans. This commitment reflects their recognition of the complex challenges involved in reducing emissions across various sectors and the need for collaboration with stakeholders, including the UK Government. Overall, Coventry Building Society is actively working towards significant emissions reductions and has established clear targets to guide their sustainability efforts in the coming years.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 671,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 80,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 724,628,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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.
Coventry Building Society 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.
