- Continued economic uncertainty
- Higher base rates and inflation
- Cost-of-living challenges for mortgage customers
- Competitive pressures in mortgage and savings markets
- Potential house price reductions
- Increased mortgage defaults and repossessions
- Cyber security risk
- Climate change risks (physical and transitional)
- Regulatory changes
Nottingham Building Society
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Nottingham Building Society disclosed greenhouse gas emissions of 47.7K tCO2e. By scope: Scope 1: 102 tCO2e (Other Fuels) + 11 tCO2e (Travel); Scope 2: 254 tCO2e; Scope 3: 47.4K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
47.7K tCO2e
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 102 tCO2e (Other Fuels) + 11 tCO2e (Travel) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 254 tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 47.4K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 47.7K tCO2e |
| 2022 | 44.1K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 emissions by 14.8% (excluding impact of other fuels)
- Completed rollout of LED lighting across the estate
- Achieved 8.3% reduction in electricity consumption
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and 2 emissions by 16%
- Physical measures taken to reduce emissions
🔭 Long-term
- Net Zero by 2050
🌱 ESG Focus Areas
Community InvestmentHomelessnessClimate ChangeCarbon NeutralityNet Zero