Ecology Building Society Sustainability Profile
Ecology Building Society, headquartered in the UK, is a pioneering financial institution dedicated to promoting sustainable living through eco-friendly lending practices. Founded in 1981, the society has established itself as a leader in the green finance sector, primarily serving customers across Great Britain. Specialising in providing mortgages for energy-efficient homes and sustainable projects, Ecology Building Society stands out with its commitment to environmental responsibility and community-focused initiatives. The society's unique approach includes offering products that support the construction of low-impact homes and the retrofitting of existing properties to enhance energy efficiency. With a strong market position, Ecology Building Society has garnered recognition for its ethical practices and contributions to the green economy, making it a trusted choice for environmentally conscious borrowers.
DitchCarbon Score
How does Ecology 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 Construction Work 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
Ecology Building Society's score of 41 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ecology Building Society's reported carbon emissions
In 2024, Ecology Building Society reported carbon emissions of approximately 566,860 kg CO2e from Scope 1 and about 1,949,000 kg CO2e from Scope 3, specifically related to investments. This data highlights the Society's commitment to transparency in its carbon footprint, particularly in the context of its operational and investment activities. The Society has set ambitious climate commitments, aiming for net-zero emissions in its business operations by 2030. This target encompasses both Scope 1 and Scope 2 emissions, with a focus on achieving reductions based on company size and growth, utilising the Science Based Targets initiative (SBTi) methodology. The timeframe for these commitments is near-term, with specific goals set for 2023 to 2025. In 2023, the Society's emissions included approximately 482,100 kg CO2e from Scope 1 and 1,403,000 kg CO2e from Scope 3 investments. This data reflects a proactive approach to managing and reducing carbon emissions, aligning with industry standards for climate action. Overall, Ecology Building Society is actively working towards significant emissions reductions and has established clear targets to guide its sustainability efforts in the coming years.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 6,900 | 0,000 | 0,000 | 0,000 |
| Scope 2 | - | - | 0,000 | 0,000 |
| Scope 3 | 276,800 | - | 0,000,000 | 0,000,000 |
How Carbon Intensive is Ecology Building Society's Industry?
How Carbon Intensive is Ecology Building Society's Location?
Ecology Building Society's Scope 3 Categories Breakdown
Ecology Building Society's Scope 3 emissions, which decreased by 20% last year and increased by approximately 472% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 94% of Scope 3 emissions.
Top Scope 3 Categories
Ecology 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.
Ecology 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.
