Cumberland Building Society Sustainability Profile
Cumberland Building Society, often referred to simply as Cumberland, is a prominent financial institution headquartered in Carlisle, GB. Established in 1850, it has a rich history of serving the local community and has expanded its operations across the North of England and beyond. As a mutual building society, Cumberland focuses on providing a range of financial services, including savings accounts, mortgages, and insurance products, all designed to meet the diverse needs of its members. What sets Cumberland apart is its commitment to personalised service and community engagement, ensuring that members receive tailored financial solutions. With a strong market position, Cumberland has achieved notable milestones, including consistent growth in membership and assets. Its dedication to ethical banking and customer satisfaction continues to solidify its reputation as a trusted provider in the building society sector.
DitchCarbon Score
How does Cumberland 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 Services Auxiliary to 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
Cumberland Building Society's score of 31 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cumberland Building Society's reported carbon emissions
In 2024, Cumberland Building Society reported total carbon emissions of approximately 170,910 kg CO2e. This figure includes 85,380 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 85,540 kg CO2e from Scope 3 emissions, with notable contributions from employee commuting and fuel and energy-related activities. In 2023, the Society's emissions were higher, at about 246,830 kg CO2e, comprising 83,200 kg CO2e in Scope 1, 91,440 kg CO2e in Scope 2, and 72,190 kg CO2e in Scope 3. The Scope 2 emissions were largely attributed to purchased electricity. Comparatively, in 2022, total emissions reached approximately 376,490 kg CO2e, with significant contributions from Scope 2 emissions at 242,200 kg CO2e. Cumberland Building Society has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The Society's emissions data is not cascaded from any parent organization, indicating that all reported figures are independently sourced. Overall, Cumberland Building Society is actively monitoring its carbon footprint, with a focus on understanding and managing its emissions across various scopes.
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| 2020 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 150,044,000 | 00,000 | 00,000 |
| Scope 2 | 268,839,000 | 00,000 | - |
| Scope 3 | - | 00,000 | 00,000 |
How Carbon Intensive is Cumberland Building Society's Industry?
How Carbon Intensive is Cumberland Building Society's Location?
Cumberland Building Society's Scope 3 Categories Breakdown
Cumberland Building Society's Scope 3 emissions, which increased by 18% last year and increased by approximately 18% since 2023, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 29% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 24% of Scope 3 emissions.
Top Scope 3 Categories
Cumberland Building Society's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cumberland Building Society has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
