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 15 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Yorkshire Building Society's reported carbon emissions
In 2023, Yorkshire Building Society reported significant carbon emissions, with Scope 3 emissions reaching approximately 86,486,000 kg CO2e. This marked a notable increase compared to previous years. In 2022, the total emissions were about 416,000 kg CO2e, with Scope 1 emissions at 8,000 kg CO2e and Scope 2 emissions at approximately 1,582,000 kg CO2e. The 2021 figures showed a total of about 1,954,000 kg CO2e, with Scope 1 emissions at approximately 1,309,000 kg CO2e and Scope 2 emissions at about 2,378,000 kg CO2e. In 2020, the total emissions were around 2,707,000 kg CO2e, with Scope 1 emissions at approximately 1,613,000 kg CO2e and Scope 3 emissions at about 1,094,000 kg CO2e. Despite these figures, Yorkshire Building Society has not publicly committed to specific reduction targets or initiatives, indicating a potential area for improvement in their climate strategy. The absence of defined reduction targets suggests that while the society is aware of its carbon footprint, it may need to enhance its commitments to align with industry standards for climate action.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| 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 | 00,000,000 |
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 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.
