Skipton Building Society Sustainability Profile
Skipton Building Society, headquartered in Skipton, GB, is a prominent player in the UK financial services industry, specialising in savings and mortgage products. Established in 1853, it has grown to become one of the largest building societies in the country, known for its customer-centric approach and mutual status. The society offers a range of core services, including competitive savings accounts, mortgages, and financial advice, distinguished by its commitment to transparency and member benefits. With a strong presence in the Yorkshire region and beyond, Skipton Building Society has achieved notable milestones, including consistent recognition for customer service excellence. Its focus on community and ethical banking further solidifies its market position as a trusted financial partner for individuals and families across the UK.
DitchCarbon Score
How does Skipton 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 Real Estate Services 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
Skipton Building Society's score of 30 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Skipton Building Society's reported carbon emissions
In 2024, Skipton Building Society reported total emissions of approximately 705,000 kg CO2e from Scope 1 and 2 combined. The breakdown includes Scope 3 emissions from investments, which amounted to approximately 248,870,000 kg CO2e. This data reflects their commitment to transparency in carbon reporting. Skipton Building Society has set long-term net-zero targets, aiming for significant reductions across all scopes by 2050. These targets were established in 2023 and are aligned with the Science Based Targets initiative (SBTi), demonstrating their commitment to addressing climate change comprehensively. In 2023, the Society's total emissions from Scope 1 and 2 were approximately 648,000 kg CO2e, with Scope 3 investments contributing approximately 223,327,000 kg CO2e. This indicates a proactive approach to managing and reducing their carbon footprint over time. Overall, Skipton Building Society is focused on achieving net-zero emissions by 2050, with ongoing efforts to monitor and reduce their carbon impact in line with industry standards.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 573,000 | - | - | - | - |
| Scope 2 | 13,700 | - | - | - | - |
| Scope 3 | 24,900 | - | - | - | - |
How Carbon Intensive is Skipton Building Society's Industry?
How Carbon Intensive is Skipton Building Society's Location?
Skipton 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.
Skipton 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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Frequently Asked Questions
Common questions about Skipton Building Society's sustainability data and climate commitments