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 87 is higher than 93% 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 significant carbon emissions, with Scope 1 emissions at 338,000 kg CO2e, Scope 2 emissions at 1,180,000 kg CO2e, and Scope 3 emissions reaching approximately 701,112,000 kg CO2e. This data reflects a comprehensive approach to emissions reporting, covering all three scopes. The Society has made notable commitments to reduce its carbon footprint. It aims for a 34% reduction in Scope 1 and 2 emissions by 2030, using 2020 as the baseline. Additionally, it has set ambitious targets for Scope 3 emissions, striving for Net Zero in upstream emissions by 2030 and overall Net Zero across all scopes by 2040. These targets demonstrate a proactive stance in addressing climate change and align with industry standards for sustainability. Coventry Building Society is also a signatory of the Climate Pledge, reinforcing its commitment to environmental responsibility. The Society's emissions data and climate initiatives are not cascaded from any parent organization, indicating an independent approach to its sustainability efforts.
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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.
