Ecology Building Society

Ecology Building Society's Latest Carbon Emissions and Climate Commitments:

For the reporting year 2024, Ecology Building Society reported a total of approximately 1.73 million kg CO2e. This figure comprises approximately 3.7 tonnes of Scope 1 emissions, approximately 2 kg of Scope 2 emissions (market-based), and approximately 1.58 million kg of Scope 3 emissions.

In the preceding year, 2023, the society's total emissions were approximately 1.23 million kg CO2e, with Scope 1 emissions at approximately 4.64 tonnes, Scope 2 emissions at approximately 1.83 tonnes (market-based), and Scope 3 emissions at approximately 1.99 million kg.

Ecology Building Society has committed to achieving net zero in its business operations by 2030. Additionally, they are working towards achieving net-zero based on company size and growth using the SBTi methodology, with near-term targets for Scope 1 and Scope 2 emissions set for completion by 2025.

For the construction work industry (SIC 45), which Ecology Building Society operates within in Great Britain, significant focus is placed on reducing embodied carbon in materials and improving energy efficiency in buildings.

The company has disclosed upstream categories for Scope 3 emissions and has been consistently reporting on Scope 1, 2, and 3 emissions since 2019, with some data points for Scope 3 missing in earlier years. Their "Physical carbon intensity" metric was reported as 25.6 m2 per unit for 2024, and "Financed regulated emissions intensity" was 0.0132 per GBP for the same year.