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Public Profile
Financial Intermediation
GB
updated 10 days ago

Coventry Building Society Sustainability Profile

Company website

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.

88

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.

29

Industry Benchmark

Coventry Building Society's score of 88 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.

94%

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Coventry Building Society's reported carbon emissions

In 2024, Coventry Building Society reported total carbon emissions of approximately 701,112,000 kg CO2e, with Scope 1 emissions accounting for about 338,000 kg CO2e. The society has made significant strides in reducing its carbon footprint, achieving a 34% reduction in Scope 1 and 2 emissions from 2020 to 2023. Looking ahead, Coventry Building Society has set ambitious climate commitments, aiming for Net Zero for Scope 3 upstream emissions by 2030 and a comprehensive Net Zero target across all scopes by 2040. These commitments reflect the society's dedication to addressing climate change and its impact on the financial sector.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20202021202220232024
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

How Carbon Intensive is Coventry Building Society's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Coventry Building Society's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Coventry Building Society's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Coventry Building Society is in GB, which has a very low grid carbon intensity relative to other regions.

Coventry Building Society's Scope 3 Categories Breakdown

Coventry Building Society's Scope 3 emissions, which decreased by 0% last year and decreased by approximately 3% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the primary emissions source at 2% of Scope 3 emissions.

Top Scope 3 Categories

2024
Purchased Goods and Services
2%

Coventry Building Society's Climate Goals (2030 & 2050)

Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.

Coventry Building Society has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Coventry Building Society's Emissions with Industry Peers

HSBC UK Bank Plc

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Metro Bank

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 13 hours ago

Starling Bank

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 10 days ago

Monzo Bank Holding Group Limited

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 months ago

Aldermore Bank PLC

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 2 months ago

Tandem Bank

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 10 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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