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 58 is higher than 98% 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 2023, Coventry Building Society reported total carbon emissions of approximately 709,981,000 kg CO2e. This figure includes 534,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 1,010,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 683,256,000 kg CO2e, fall under Scope 3, which includes all other indirect emissions in the value chain. Over the past few years, Coventry Building Society has made significant strides in reducing its carbon footprint. From 2020 to 2023, total emissions decreased from approximately 725,378,000 kg CO2e to 709,981,000 kg CO2e, reflecting a commitment to sustainability. The Society has set ambitious climate targets, aiming for Net Zero for Scope 3 upstream emissions by 2030 and a comprehensive Net Zero across all scopes by 2040. This includes addressing emissions from mortgage loans, which are a significant part of their Scope 3 emissions. Coventry Building Society is actively engaged in climate initiatives, having signed the Amazon Climate Pledge in June 2022, further demonstrating its commitment to environmental responsibility. The Society's long-term climate ambition includes achieving Net Zero for all emissions by 2040, showcasing its dedication to reducing its impact on the environment.
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| 2020 | 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 | 724,628,000 | 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.
