Yorkshire Building Society Sustainability Profile
Yorkshire Building Society, often referred to as YBS, is a prominent financial institution headquartered in Bradford, GB. Established in 1864, it has grown to become one of the largest building societies in the UK, serving millions of members across England, Scotland, and Wales. The society operates primarily in the financial services industry, focusing on savings accounts, mortgages, and insurance products. YBS is renowned for its commitment to customer service and competitive interest rates, distinguishing itself in a crowded market. With a strong emphasis on mutuality, it prioritises the needs of its members over profit, fostering a loyal customer base. Over the years, Yorkshire Building Society has achieved significant milestones, including various awards for its innovative products and services, solidifying its position as a trusted name in the financial sector.
DitchCarbon Score
How does Yorkshire 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
Yorkshire Building Society's score of 53 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Yorkshire Building Society's reported carbon emissions
In 2024, Yorkshire Building Society (YBS) reported total carbon emissions of approximately 6,493,000 kg CO2e. This figure includes Scope 1 emissions of 721,000 kg CO2e, Scope 2 emissions of 1,687,000 kg CO2e, and Scope 3 emissions of 4,085,000 kg CO2e. Compared to 2023, where total emissions were approximately 6,337,000 kg CO2e, YBS has seen a slight increase in emissions. The society's emissions data reflects a commitment to transparency, with all three scopes disclosed. Notably, in 2022, YBS reported total emissions of approximately 3,353,000 kg CO2e, indicating a significant increase in emissions over the following years. Despite the lack of specific reduction targets or initiatives outlined in their recent reports, YBS is actively engaged in monitoring and reporting its carbon footprint. The absence of formal Science-Based Targets Initiative (SBTi) commitments suggests that while YBS is aware of its emissions, it has not yet established specific reduction goals. Overall, Yorkshire Building Society's emissions data highlights the importance of ongoing efforts in carbon management and the need for future commitments to reduce its environmental impact.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,613,000 | 0,000,000 | 0,000 | 000,000 | 000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,094,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Yorkshire Building Society's Industry?
How Carbon Intensive is Yorkshire Building Society's Location?
Yorkshire 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.
Yorkshire 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.
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