Southland Building Society Sustainability Profile
Southland Building Society, commonly known as SBS Bank, is a prominent financial institution headquartered in Invercargill, New Zealand. Established in 1869, it has a rich history of serving the Southland region and beyond, with a focus on providing competitive banking solutions tailored to the needs of its members. Operating primarily in the Southland and Otago regions, SBS Bank is renowned for its commitment to customer service and community involvement. The society offers a range of core products, including home loans, savings accounts, and insurance services, distinguished by their personalised approach and member-centric benefits. With a strong market position, SBS Bank has achieved notable milestones, including recognition for its innovative financial products and community initiatives. Its dedication to fostering local growth and supporting its members sets it apart in the competitive banking landscape.
DitchCarbon Score
How does Southland 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
Southland Building Society's score of 26 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Southland Building Society's reported carbon emissions
In 2025, Southland Building Society (SBS) reported total carbon emissions of approximately 668,890 kg CO2e. This figure includes 160,960 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 113,270 kg CO2e from Scope 2 emissions, mainly from purchased electricity. The most significant contribution came from Scope 3 emissions, which totalled about 1,796,220 kg CO2e, with notable sources being business travel (280,470 kg CO2e) and waste generated in operations (62,410 kg CO2e). Comparatively, in 2024, SBS's total emissions were approximately 767,520 kg CO2e, with Scope 1 emissions at 201,860 kg CO2e and Scope 2 emissions at 118,490 kg CO2e. The Scope 3 emissions for that year were about 485,620 kg CO2e. In 2023, the total emissions were around 739,770 kg CO2e, with similar patterns across the scopes. Despite these figures, SBS has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The emissions data is not cascaded from any parent organization, and all reported figures are directly from Southland Building Society.
How Carbon Intensive is Southland Building Society's Industry?
How Carbon Intensive is Southland Building Society's Location?
Southland Building Society's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Southland Building Society has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
