Leeds Building Society

Leeds Building Society, a UK-based financial intermediation services provider, reported total global carbon emissions of approximately 212,831,000 kg CO2e in 2025. This includes 58,000 kg CO2e from Scope 1 (fugitive emissions), 4,000 kg CO2e from Scope 2 market-based emissions, and 212,753,000 kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions were purchased goods and services (about 5,862,000 kg CO2e), employee commute (approximately 1,457,000 kg CO2e), and upstream transportation and distribution (around 802,000 kg CO2e).

In 2024, the Society's total global emissions were approximately 224,241,000 kg CO2e, with Scope 1 at 235,000 kg CO2e, Scope 2 market-based at 9,000 kg CO2e, and Scope 3 at 223,966,000 kg CO2e. This represents a decrease in total emissions from 2023, which saw approximately 338,182,000 kg CO2e across all scopes.

Leeds Building Society is committed to climate action, with targets including:

• Achieving an overall net-zero pathway by 2050 or sooner.
• Maintaining its net carbon neutral position for Scope 1, Scope 2, and Scope 3 business travel.
• Reducing absolute Scope 1 and 2 market-based emissions by 90% by 2034 from a 2024 base year.
• Reducing absolute Scope 1 and 2 location-based emissions by 60% by 2034 from a 2024 base year.
• Achieving net-zero for Scope 3 operational emissions by 2050 (or sooner).
• Reducing absolute Scope 3 category 1-14 emissions by 35% by 2034 from a 2024 base year. This target is aligned with a well-below 2°C future temperature pathway, in accordance with the principles of the Science Based Targets initiative (SBTi).
• An ambition to reduce the intensity of Scope 3 financed emissions (category 15) from its residential mortgage book by 70% by 2034 from a 2024 base year.