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 80 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 21,293,000 kg CO2e, which includes 1,000,000 kg CO2e from Scope 1 emissions and 18,165,000 kg CO2e from Scope 2 emissions. The Society has set ambitious climate commitments, aiming for a 42% reduction in absolute Scope 1 emissions by 2030, with a target of 3,290,000 kg CO2e by that year. Additionally, Nationwide is committed to sourcing 100% renewable electricity for its operations by 2030. In 2023, Nationwide's total emissions were about 23,358,000 kg CO2e, with Scope 1 emissions at 2,361,000 kg CO2e and Scope 2 emissions at 19,383,000 kg CO2e. The Society has also pledged to remove gas from over 80% of its branch network by the end of 2023, aiming for complete removal by the end of 2025. Nationwide is a signatory to the Net-Zero Banking Alliance (NZBA) and is working towards publicly disclosing intermediate net-zero-aligned science-based targets within 18 months. The Society's long-term goal is to achieve net-zero emissions by 2050, aligning with international climate agreements.
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| 2011 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,890,000 | 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 | 00,000,000 |
| Scope 3 | - | 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.
