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Principality Building Society
Construction WorkUnited Kingdom
Last verified 23 days agoprincipality.co.uk
Principality Building Society, a prominent name in the UK construction work sector, is headquartered in Cardiff, GB. Established in 1860, it has grown to become one of the largest building societies in the UK, primarily serving Wales and the borders. The society focuses on providing a range of financial services, including savings accounts, mortgages, and insurance products, all tailored to meet the needs of its members.
What sets Principality apart is its commitment to community and member-focused services, ensuring that customer satisfaction remains at the forefront of its operations. With a strong market position, it has achieved notable milestones, including consistent growth in membership and a reputation for financial stability. As a trusted institution in the construction work industry, Principality Building Society continues to play a vital role in supporting home ownership and local development initiatives.
40
DitchCarbon score
+16 vs industry average
Principality Building Society’s score of 40 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
High
Construction Work has above-average carbon intensity
Industry performance
0.390
20182025
The Construction Work industry has reduced its overall emissions by 39% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Principality Building Society's reported carbon emissions
Principality Building Society's Carbon Emissions and Climate Commitments
Principality Building Society reported total carbon emissions of approximately 3,353,000 kg CO2e in 2024. This includes 239,400 kg CO2e from Scope 1 emissions, 1,100 kg CO2e from Scope 2 emissions, and 3,107,000 kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions in 2024 were purchased goods and services (1,876,900 kg CO2e), employee commute (585,600 kg CO2e), and capital goods (418,400 kg CO2e).
In 2023, the society's total carbon emissions were approximately 2,962,600 kg CO2e, with Scope 1 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 overall emissions between 2023 and 2024.
Principality Building Society is committed to achieving net-zero emissions in Scope 1 and Scope 2 by 2030. Furthermore, they aim to reduce Scope 1 and 2 CO2e emissions by 55% by 2030 compared to a 2019 baseline.
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Principality Building Society’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Principality Building Society23 days ago
40
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