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OrganisationsCoventry Building Society
Coventry Building Society logo

Coventry Building Society

Financial IntermediationUnited Kingdom
Last verified 3 months agocoventrybuildingsociety.co.uk

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.

83
DitchCarbon score

+48 vs industry average

Coventry Building Society’s score of 83 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.062
20192025

The Financial Intermediation industry has increased its overall emissions by 11% since 2019

Emissions trajectory 2020 – 2028

0.0B0.0B0.0B000.0M0

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202020212022202320242025202620272028

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Coventry Building Society's reported carbon emissions

In 2025, Coventry Building Society reported total carbon emissions of approximately 1,019,848,000 kg CO2e, comprising 578,000 kg CO2e from Scope 1, 21,000 kg CO2e from Scope 2, and 1,019,249,000 kg CO2e from Scope 3 emissions. This reflects their ongoing commitment to reducing their carbon footprint across all scopes. The Society has set ambitious climate targets, aiming for Net Zero emissions across all scopes by 2040, including Scope 3 emissions related to mortgage loans. Additionally, they are targeting Net Zero for Scope 3 upstream emissions by 2030. Notably, they achieved a 34% reduction in Scope 1 and 2 emissions from 2020 to 2023, demonstrating their commitment to sustainability. Coventry Building Society's climate initiatives are crucial in the financial sector, where they are actively working to address their environmental impact and contribute to broader climate goals.

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

7 goals

2030

43% reduction in Scope 2

We aim for a 43% reduction in our Scope 1 & 2 emissions by 2030 (baseline 2020).

On track43%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

6 of 15 categories disclosed
Purchased Goods & Services4%
Employee Commuting1%
Upstream Transportation & Distribution0%
Capital Goods0%
Fuel & Energy Activities0%
Business Travel0%
Purchased Goods & Services4%
Employee Commuting1%
Upstream Transportation & Distribution0%
Capital Goods0%
Fuel & Energy Activities0%
Business Travel0%

See all scope 3 categories

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Coventry Building Society logoCoventry Building Society
GBFinancial Intermediation
3 months ago
83
Hsbc Holdings logoHsbc Holdings
GBCommercial Banking
7 days ago
100
View
Natwest logoNatwest
GBCommercial Banking
5 days ago
93
View
Lloyds Banking Group logoLloyds Banking Group
GBCommercial Banking
2 days ago
89
View
National Westminster Bank Plc logoNational Westminster Bank Plc
GBFinancial Intermediation
23 days ago
88
View
Nationwide Building Society logoNationwide Building Society
GBFinancial Intermediation
23 days ago
80
View
HSBC UK Bank Plc logoHSBC UK Bank Plc
GBFinancial Intermediation
23 days ago
80
View

Frequently asked questions

Common questions about Coventry Building Society’s sustainability data and climate commitments

In 2025, Coventry Building Society reported total carbon emissions of approximately 1 billion kg CO₂e. This includes around 578,000 kg CO₂e from Scope 1, about 21,000 kg CO₂e from Scope 2, and nearly 1 billion kg CO₂e from Scope 3 emissions. The Society's commitment to reducing its carbon footprint is evident in its ongoing efforts to address emissions across all scopes, particularly in the financial intermediation sector.

Data year: 2025

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Ditchcarbonv260319.2
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