- Scale of environmental and societal challenges
- Need for coordinated approach across housing sector
- Impact of cost of living crisis on borrowers
- Reducing indirect emissions (Scope 3)
- Managing financed emissions from mortgage portfolio
Coventry Building Society
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Coventry Building Society disclosed greenhouse gas emissions of 710.0K tCO2e/year. By scope: Scope 1: 534 tCO2e/year; Scope 2: 1.0K tCO2e/year; Scope 3: 708.4K tCO2e/year. 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
710.0K tCO2e/year
2023
Renewable Energy
100% (electricity)
of total energy
Water Usage
8.6K m3/year
2023
Waste
270 tons/year
2023
Energy Use
8.1M kWh/year
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). | 534 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.0K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 708.4K tCO2e/year |
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 | 710.0K tCO2e/year |
| 2021-2023 | 2.6K tCO2e (Scope 1 & 2 in 2020) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved carbon neutrality for own operations since 2021
- Reduced Scope 1 and 2 emissions by 34% (2023 compared to 2020)
- Achieved 54% reduction in paper consumption (2023 compared to 2017)
- Zero waste sent to landfill since 2017
- Removed gas consumption from 33 of its sites
- 69% electric vehicles within its fleet
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain carbon neutrality for Scope 1 and 2 emissions
📅 Medium-term
- Reduce indirect emissions from Scope 3 by 2030
- Achieve Net Zero for Scope 1, 2 and partial Scope 3 emissions by 2030
🔭 Long-term
- Achieve Net Zero for Scope 1, 2 and 3 emissions by 2040
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionGovernanceCommunity InvestmentCustomer OutcomesSocial Mobility