Leeds Building Society

Leeds Building Society's reported carbon emissions

Leeds Building Society's commitment to climate action includes significant reduction targets across its operational footprint. For the reporting year 2024, the society reported a total of approximately 224.2 million kg CO2e. This breaks down into approximately 235,000 kg CO2e for Scope 1 emissions and approximately 471,000 kg CO2e for Scope 2 (location-based) emissions. Scope 3 emissions were substantially higher, totalling approximately 223.9 million kg CO2e. Looking at the latest available data, for the reporting year 2025, Leeds Building Society's total emissions were approximately 212.8 million kg CO2e. This comprises approximately 58,000 kg CO2e for Scope 1, approximately 407,000 kg CO2e for Scope 2 (location-based), and approximately 212.7 million kg CO2e for Scope 3 emissions. Leeds Building Society has set ambitious reduction targets. It aims to reduce its absolute Scope 1 and 2 market-based emissions by 90% by 2034, using a 2024 base year. Additionally, the society is working towards net zero for Scope 3 operational emissions by 2050, with a specific target to reduce absolute Scope 3 category 1-14 emissions by 35% by 2034, also from a 2024 base year. They also have an ambition to reduce the intensity of their Scope 3 financed emissions from their residential mortgage book by 70% by 2034, from a 2024 base year. The society aims to work towards alignment with an overall net zero pathway by 2050 or sooner.