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 7 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Principality Building Society's reported carbon emissions
In 2022, Principality Building Society reported total carbon emissions of approximately 1,013,850 kg CO2e from Scope 3, alongside 297,180 kg CO2e from Scope 1 and 250 kg CO2e from Scope 2. This reflects a significant reduction in Scope 3 emissions from 1,520,800 kg CO2e in 2021, indicating a proactive approach to managing their carbon footprint. The breakdown of emissions in 2022 includes 287,450 kg CO2e from stationary combustion and 9,720 kg CO2e from mobile combustion under Scope 1. Scope 2 emissions were minimal at 250 kg CO2e. Notably, the largest contributor to their carbon footprint remains Scope 3 emissions, particularly from employee commuting (976,200 kg CO2e) and purchased goods and services (153,880 kg CO2e). Despite these figures, Principality Building Society has not publicly committed to specific reduction targets or initiatives, which may limit their ability to demonstrate a structured approach to climate action. However, their ongoing efforts to reduce emissions year-on-year suggest a commitment to improving their environmental impact.
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Add to project| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 243,000 | 000,000 |
| Scope 2 | 600 | 000 |
| Scope 3 | 1,520,800 | 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 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.
