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 100% 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 701,112,000 kg CO2e. This figure includes 338,000 kg CO2e from Scope 1 emissions, 1,180,000 kg CO2e from Scope 2 emissions, and a significant 701,112,000 kg CO2e from Scope 3 emissions, which primarily encompass purchased goods and services (17,408,000 kg CO2e). Comparatively, in 2023, the total emissions were about 709,981,000 kg CO2e, with Scope 1 emissions at 534,000 kg CO2e and Scope 2 emissions at 1,434,000 kg CO2e. The Scope 3 emissions for that year were approximately 703,855,000 kg CO2e. Coventry Building Society has set ambitious climate commitments, 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 2 emissions from 2020 to 2023, with a target of a 43% reduction in these emissions by 2030, using 2020 as the baseline year. These initiatives reflect the Society's commitment to addressing climate change and reducing its carbon footprint in alignment with industry standards.
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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.
