Ecology Building Society Sustainability Profile
Ecology Building Society, headquartered in the UK, is a pioneering financial institution dedicated to promoting sustainable living through eco-friendly lending practices. Founded in 1981, the society has established itself as a leader in the green finance sector, primarily serving customers across Great Britain. Specialising in providing mortgages for energy-efficient homes and sustainable projects, Ecology Building Society stands out with its commitment to environmental responsibility and community-focused initiatives. The society's unique approach includes offering products that support the construction of low-impact homes and the retrofitting of existing properties to enhance energy efficiency. With a strong market position, Ecology Building Society has garnered recognition for its ethical practices and contributions to the green economy, making it a trusted choice for environmentally conscious borrowers.
DitchCarbon Score
How does Ecology 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
Ecology Building Society's score of 59 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ecology Building Society's reported carbon emissions
In 2024, Ecology Building Society reported carbon emissions of approximately 566,860 kg CO2e for Scope 1 and about 1,949,000 kg CO2e for Scope 3, specifically from investments. This marks a notable increase in Scope 3 emissions from 2023, where they were around 1,403,000 kg CO2e. The Society has set ambitious climate commitments, aiming for net-zero emissions in its business operations by 2030, with a focus on Scope 1 emissions. Additionally, they are working towards achieving net-zero for Scope 2 emissions by 2025, utilising the Science Based Targets initiative (SBTi) methodology to align their targets with climate science. The Society's global emissions for 2024 totalled approximately 1,726,000 kg CO2e, with Scope 1 emissions at about 3,700 kg CO2e and Scope 2 emissions at around 2 kg CO2e. The significant portion of their emissions arises from Scope 3, which accounted for about 1,583,500 kg CO2e, highlighting the impact of their supply chain and investment activities. Ecology Building Society's commitment to sustainability is reflected in their ongoing efforts to reduce their carbon footprint and align with industry standards for climate action.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 6,900 | 0,000 | 0,000 | 0,000 |
| Scope 2 | - | - | 0,000 | 0,000 |
| Scope 3 | 276,800 | - | 0,000,000 | 0,000,000 |
How Carbon Intensive is Ecology Building Society's Industry?
How Carbon Intensive is Ecology Building Society's Location?
Ecology Building Society's Scope 3 Categories Breakdown
Ecology Building Society's Scope 3 emissions, which decreased by 20% last year and increased by approximately 472% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 94% of Scope 3 emissions.
Top Scope 3 Categories
Ecology 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.
Ecology 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.
