Newcastle Building Society
Newcastle Building Society, headquartered in Great Britain, is a prominent player in the UK financial services industry, specialising in savings, mortgages, and insurance products. Established in 1860, the society has a rich history marked by significant milestones, including its expansion across the North East and beyond, serving communities with a commitment to mutuality. With a diverse range of core offerings, Newcastle Building Society stands out for its customer-centric approach, providing tailored financial solutions that cater to individual needs. Its unique position in the market is reinforced by a strong focus on local engagement and community support, making it a trusted choice for many. As one of the largest building societies in the UK, Newcastle Building Society continues to achieve notable recognition for its service excellence and innovative products.
DitchCarbon Score
How does Newcastle 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
Newcastle Building Society's score of 5 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Newcastle Building Society's reported carbon emissions
In 2023, Newcastle Building Society reported total carbon emissions of approximately 822,820 kg CO2e. This figure includes 332,720 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 490,110 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity, steam, heating, and cooling. In 2022, the Society's emissions were slightly lower at about 813,950 kg CO2e, with Scope 1 emissions at 294,520 kg CO2e and Scope 2 emissions at 462,750 kg CO2e. This indicates a modest increase in emissions from 2022 to 2023. Despite these figures, Newcastle Building Society has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate pledges or SBTi (Science Based Targets initiative) commitments suggests that while the Society is tracking its emissions, it may not yet have formalised a comprehensive strategy for significant reductions in line with industry standards.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 294,520 | 000,000 |
| Scope 2 | 462,750 | 000,000 |
| Scope 3 | - | - |
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.
Newcastle Building Society is not committed to any reduction initiatives 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.
