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 90% 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 previous year, 2023, saw total emissions of about 23,358,000 kg CO2e, comprising 2,361,000 kg CO2e from Scope 1 and 19,383,000 kg CO2e from Scope 2. This indicates a slight reduction in total emissions year-on-year. Nationwide has set ambitious climate commitments, aiming for a 42% reduction in absolute Scope 1 emissions by 2030, with a target of 3,290 kg CO2e per year by that date. Additionally, the organisation is committed to sourcing 100% renewable electricity for its operations by 2030. As part of its net-zero strategy, Nationwide has pledged to publicly disclose intermediate science-based targets within 18 months, aligning with the Net-Zero Banking Alliance (NZBA). The Society has also made significant strides in reducing its reliance on gas, having removed it from over 80% of its branch network by the end of 2023, with plans to eliminate it entirely by the end of 2025. These initiatives reflect Nationwide's commitment to addressing climate change and reducing its carbon footprint across all scopes of emissions.
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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.
