Leeds Building Society

Leeds Building Society, a UK-based financial services provider, reported total emissions of approximately 212,831,000 kg CO2e in 2025. This included 58,000 kg CO2e from Scope 1, 4,000 kg CO2e from market-based Scope 2, and about 212,753,000 kg CO2e from Scope 3.

Looking back, their total emissions were about 224,241,000 kg CO2e in 2024, approximately 338,182,000 kg CO2e in 2023, and about 156,000 kg CO2e in 2020. In 2021, their Scope 1 emissions were 57,000 kg CO2e, Scope 2 location-based emissions were 906,000 kg CO2e, and Scope 3 emissions were around 21,723,000 kg CO2e. For 2016, their Scope 1 and 2 market-based emissions were about 1,258,000 kg CO2e.

Leeds Building Society is committed to climate action with several reduction targets. They aim to achieve net-zero by 2050 or sooner, working towards alignment with an overall net-zero pathway. They also aim to reduce absolute Scope 1 and 2 market-based emissions by 90% by 2034 from a 2024 base year. Additionally, they target a 60% reduction in absolute Scope 1 and 2 location-based emissions by 2034, from a 2024 base year. For Scope 3, they aim to reduce absolute Scope 3 categories 1-14 emissions by 35% by 2034 from a 2024 base year and have an ambition to reduce the intensity of Scope 3 financed emissions (category 15) from their residential mortgage book by 70% by 2034, from a 2024 base year. They also report maintaining a net carbon neutral position for Scope 1, Scope 2, and Scope 3 business travel. Their Scope 3 operational targets are aligned with a well below 2°C future temperature pathway, in accordance with the principles of the SBTi.