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Nationwide Building Society
Financial IntermediationUnited KingdomLSE: NBS.L
Last verified 6 months agonationwide.co.uk
Nationwide Building Society, commonly referred to as Nationwide, stands as the world's largest building society, with its headquarters firmly established in the United Kingdom. Tracing its origins back to 1884, it has evolved into a cornerstone of the British financial services industry.
Operating within the financial intermediation sector, Nationwide offers a comprehensive suite of banking and lending products. This includes competitive mortgages, a range of savings and current accounts, and personal loans, all designed to meet the diverse needs of its members. What sets Nationwide apart is its unique mutual ownership model, ensuring profits are reinvested for member benefit rather than distributed to shareholders.
As a prominent and trusted financial institution across the UK, Nationwide continues to provide essential services to millions. Its commitment to mutuality and member-centric values underpins its position as a leading provider of financial solutions.
78
DitchCarbon score
+41 vs industry average
Nationwide Building Society’s score of 78 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Low
Financial Intermediation has below-average carbon intensity
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Nationwide Building Society's reported carbon emissions
Nationwide Building Society, a UK-based financial intermediation services company, has reported its carbon emissions and committed to significant reduction targets.
In 2025, Nationwide Building Society's projected total carbon emissions are approximately 194,560 metric tonnes CO2e. This includes Scope 1 emissions of 1,796 metric tonnes CO2e, Scope 2 emissions (from purchased electricity) of 18,165 metric tonnes CO2e, and Scope 3 emissions of 192,500 metric tonnes CO2e, comprising 19,500 metric tonnes CO2e from capital goods, 139,500 metric tonnes CO2e from purchased goods and services, and 18,000 metric tonnes CO2e from upstream transportation and distribution.
Looking back, the company's total emissions were approximately 190,675 metric tonnes CO2e in 2024, with Scope 1 emissions at 1,792 metric tonnes CO2e, Scope 2 at 19,383 metric tonnes CO2e, and Scope 3 at 169,000 metric tonnes CO2e. In 2023, the total emissions were approximately 159,774 metric tonnes CO2e, with Scope 1 at 2,361 metric tonnes CO2e and Scope 2 at 12,774 metric tonnes CO2e. Scope 3 emissions in 2023 were 157,000 metric tonnes CO2e, including 13,000 metric tonnes CO2e from capital goods, 129,500 metric tonnes CO2e from purchased goods and services, and 14,500 metric tonnes CO2e from upstream transportation and distribution.
Nationwide Building Society has set ambitious climate commitments. As part of its sign-up to the Net-Zero Banking Alliance (NZBA), the society committed to publicly disclosing intermediate (by 2030) net-zero-aligned science-based targets. Specifically, Nationwide Building Society aims for a 42% absolute reduction in Scope 1 carbon emissions by 2030, using a 2021 base year. The company is also on track to remove 100% of gas from its branches by the end of 2025, having already eliminated gas from over 80% of its branch network by the end of 2023. Furthermore, Nationwide Building Society aims to continue sourcing 100% renewable electricity for its own operations, aligning with its 2030 Scope 2 science-based target.
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Nationwide Building Society’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Nationwide Building Society6 months ago
78
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