Nationwide Building Society
Nationwide Building Society, often referred to simply as Nationwide, is a prominent financial institution headquartered in Swindon, GB. Established in 1846, it has grown to become one of the largest building societies in the UK, serving millions of members across the country. Operating primarily in the banking and financial services industry, Nationwide offers a range of core products, including savings accounts, mortgages, and insurance services. What sets Nationwide apart is its mutual status, meaning it is owned by its members rather than shareholders, allowing for a customer-focused approach to service and competitive rates. With a strong market position, Nationwide has consistently been recognised for its commitment to customer satisfaction and innovation in financial services, making it a trusted choice for individuals seeking reliable banking solutions.
DitchCarbon Score
How does Nationwide 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 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
Nationwide Building Society's score of 79 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nationwide Building Society's reported carbon emissions
In 2024, Nationwide Building Society reported total carbon emissions of approximately 17,430,000 kg CO2e, comprising 1,743,000 kg CO2e from Scope 1 emissions and 14,042,000 kg CO2e from Scope 2 emissions. This reflects a commitment to transparency in their carbon footprint, as they have disclosed emissions data for both Scope 1 and Scope 2, while Scope 3 emissions data is currently not available. Nationwide has set ambitious targets to reduce its carbon emissions. They aim for a 42% reduction in absolute Scope 1 emissions by 2030, based on 2021 levels. Additionally, they have committed to reducing upstream Scope 3 emissions—specifically from purchased goods and services, capital goods, and upstream transportation and distribution—by 42% by 2030, also against a 2021 baseline. The Society is actively working towards a net-zero future, aligning with the UK’s target to achieve net-zero emissions by 2050. They are on track to remove gas from over 80% of their branch network by the end of 2023, with a goal of complete removal by the end of 2025. Furthermore, Nationwide is committed to sourcing 100% renewable electricity for its operations by 2030. These initiatives demonstrate Nationwide's dedication to addressing climate change and reducing its environmental impact, reinforcing its role as a responsible financial institution in Great Britain.
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| 2011 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,890,000 | 0,000,000 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 50,802,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Nationwide Building Society is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
