Principality Building Society
Principality Building Society, a prominent financial institution based in Cardiff, GB, has been serving its members since its establishment in 1860. As one of the largest building societies in the UK, it primarily operates in Wales and the borders, offering a range of financial services tailored to meet the needs of its community. The society is renowned for its core products, including savings accounts, mortgages, and insurance services, all designed with a member-focused approach. Notably, Principality Building Society has achieved significant milestones, such as being awarded for its customer service excellence and maintaining a strong market position within the mutual sector. With a commitment to ethical banking and community support, Principality continues to stand out in the competitive financial landscape.
DitchCarbon Score
How does Principality 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 Construction Work 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
Principality Building Society's score of 53 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Principality Building Society's reported carbon emissions
In 2024, Principality Building Society reported total carbon emissions of approximately 3,353,000 kg CO2e. This figure includes 239,400 kg CO2e from Scope 1 emissions, 1,100 kg CO2e from Scope 2, and a significant 3,107,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions are primarily driven by purchased goods and services (1,876,900 kg CO2e) and employee commuting (585,600 kg CO2e). Comparatively, in 2023, the Society's total emissions were about 2,962,600 kg CO2e, with Scope 1 emissions at 257,400 kg CO2e, Scope 2 at 1,400 kg CO2e, and Scope 3 at 2,696,000 kg CO2e. This indicates an increase in emissions from 2023 to 2024. Principality Building Society has set a target to achieve net zero emissions in Scopes 1 and 2 by 2030, starting from 2023. This commitment reflects their proactive approach to addressing climate change and reducing their carbon footprint. The Society's emissions data is independently reported and does not cascade from any parent organization, ensuring transparency in their climate commitments and performance.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 243,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 600 | 0,000,000 | 0,000 | 0,000 |
| Scope 3 | 1,520,800 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Principality Building Society is not participating in any 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.
