Yorkshire Building Society
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 31 is higher than 57% 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 2022, Yorkshire Building Society reported total carbon emissions of approximately 4,160,000 kg CO2e. This figure includes 8,000 kg CO2e from Scope 1 emissions, primarily from direct operations, and 1,582,000 kg CO2e from Scope 2 emissions, which are associated with purchased electricity. Additionally, Scope 3 emissions accounted for about 1,763,000 kg CO2e, with significant contributions from business travel (352,000 kg CO2e) and purchased goods and services (8,000 kg CO2e). The emissions data for 2021 indicated a total of approximately 1,954,000 kg CO2e, with Scope 1 emissions at 1,309,000 kg CO2e and Scope 3 emissions at 1,275,000 kg CO2e. In 2020, the total emissions were about 2,707,000 kg CO2e, with Scope 1 emissions alone reaching 1,613,000 kg CO2e. Yorkshire Building Society has not disclosed specific reduction targets or initiatives as part of its climate commitments. The organisation's emissions data is not cascaded from any parent company, indicating that it operates independently in its reporting and climate strategies. Overall, Yorkshire Building Society is actively monitoring its carbon footprint, but further details on specific reduction initiatives or targets are currently unavailable.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 1,613,000 | 0,000,000 | 0,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 |
| Scope 3 | 1,094,000 | 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.
Yorkshire 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.
