Coventry Building Society

Coventry Building Society, a UK-based financial intermediation services provider, aims for Net Zero across all scopes by 2040, including its Scope 3 mortgage loans. The company also targets Net Zero for Scope 3 upstream emissions by 2030 and Scope 3 operational emissions by 2030.

In 2025, Coventry Building Society reported Scope 1 emissions of 578,000 kg CO2e and Scope 2 market-based emissions of 21,000 kg CO2e. For 2024, Scope 1 emissions were 755,000 kg CO2e, with Scope 2 market-based emissions at 1,993,000 kg CO2e. In 2023, Scope 1 emissions were 1,133,000 kg CO2e, and Scope 2 market-based emissions were 814,000 kg CO2e.

Looking back, in 2022, the society's Scope 1 emissions were 1,231,000 kg CO2e and Scope 2 market-based emissions were 441,000 kg CO2e. In 2021, Scope 1 emissions were 1,886,000 kg CO2e, and Scope 2 market-based emissions were 199,000 kg CO2e.

The company achieved a 34% reduction in Scope 1 and Scope 2 emissions between 2020 and 2023. They also have a near-term target to achieve a 43% reduction in Scope 1 and 2 emissions by 2030, using 2020 as the baseline. In 2020, Coventry Building Society's total emissions were approximately 725,378,000 kg CO2e. This included Scope 1 emissions of 671,000 kg CO2e, Scope 2 market-based emissions of 80,000 kg CO2e, and Scope 3 emissions of approximately 724,628,000 kg CO2e. Key contributors to Scope 3 in 2020 included capital goods at 3,988,000 kg CO2e, purchased goods and services at 15,718,000 kg CO2e, and employee commute at 1,613,000 kg CO2e.

Coventry Building Society is committed to Net Zero targets, although its near-term Science Based Targets initiative (SBTi) status is currently listed as "Commitment removed" or "Committed" in different entries, with an overall status of "Expired commitment". The company directly reports its emissions and climate commitments.