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 63 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 2023, Nationwide Building Society reported total carbon emissions of approximately 15,135,000 kg CO2e, comprising 2,361,000 kg CO2e from Scope 1 (stationary combustion), 12,774,000 kg CO2e from Scope 2 (purchased electricity), and 13,000,000 kg CO2e from Scope 3 emissions related to capital goods, purchased goods and services, and upstream transportation and distribution. The Society has demonstrated a commitment to reducing its carbon footprint, with a notable decrease in emissions from previous years. For instance, in 2022, total emissions were about 17,974,000 kg CO2e, indicating a reduction of approximately 1,839,000 kg CO2e in 2023. Nationwide has disclosed emissions data across Scopes 1, 2, and 3, reflecting a comprehensive approach to climate accountability. However, there are currently no specific reduction targets or climate pledges outlined in their documentation. The Society's ongoing efforts to monitor and report emissions align with industry standards for climate transparency and accountability.
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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 | 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 | 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.
