Coventry Building Society
Coventry Building Society, one of the largest building societies in the UK, is headquartered in Coventry and primarily serves customers across England and Wales. Established in 1884, the society has a rich history marked by significant milestones, including its commitment to mutuality and customer service. Operating within the financial services industry, Coventry Building Society focuses on savings accounts, mortgages, and insurance products. Its unique approach combines competitive rates with a strong emphasis on customer satisfaction, setting it apart from traditional banks. With a robust market position, Coventry Building Society has consistently been recognised for its financial strength and customer service excellence, making it a trusted choice for individuals seeking reliable financial solutions.
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 46 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Coventry Building Society's reported carbon emissions
In 2023, Coventry Building Society reported total carbon emissions of approximately 710,000 tonnes CO2e. This figure includes 534,000 tonnes from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 1,014,000 tonnes from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Notably, Scope 3 emissions, which cover all other indirect emissions, accounted for about 683,000 tonnes CO2e. Over the past few years, Coventry Building Society has made strides in reducing its carbon footprint. From 2020 to 2023, total emissions decreased from approximately 725,000 tonnes CO2e to 710,000 tonnes CO2e, reflecting a commitment to sustainability. The Society's Scope 1 emissions also saw a reduction from 671,000 tonnes in 2020 to 534,000 tonnes in 2023. While the Society has not set specific reduction targets under the Science Based Targets initiative (SBTi), it has committed to various climate initiatives, including signing the Amazon Climate Pledge in June 2022. This pledge signifies their dedication to addressing climate change and reducing their environmental impact. Coventry Building Society continues to evaluate its emissions and implement strategies aimed at further reducing its carbon footprint, aligning with industry standards for climate action.
Unlock detailed emissions data
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Add to project2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 671,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 80,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 2,173,884,000 | 0,000,000,000 | 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 committed to some reduction initiatives 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.
