- Tackling scope 3 emissions remains a challenge due to barriers to progress and lack of direct control.
- Evolving economic environment in the UK remained challenging for members and the Society, with member household finances under pressure due to higher mortgage rates.
- Uncertainty over the timing of remediation of cladding issues in high-rise flats.
- Significant headwinds for the newly formed Government to address, which could impact the Society’s business model.
- Geopolitical risks remain heightened, potentially impacting the macroeconomic environment and operational resilience.
- Highly competitive markets increasing the risk of loss of market share, reduced revenue, and lower profitability.
- Volume of change activity (technology programme, strategic initiatives, regulatory requirements) could lead to execution, operational, and people risks.
- Climate risk continues to be an emerging risk due to uncertainty surrounding the exact nature and timing of the impact on the Society’s strategy and operations.
Leeds Building Society
Greenhouse gas emissions & sustainability report data
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.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 888 tCO2e/year (market-based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Commenced next phase of property refurbishment programme to enhance energy efficiency of branch estate and help reach net-zero for scope 1 and 2 emissions by 2030. This includes removing gas from all sites, replacing heating and lighting systems, and trialling solar energy and other low-carbon innovations.
- Rolled out a new salary sacrifice scheme for electric vehicles for colleagues and options for installing solar panels in their homes.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Award £3 million to communities by the end of 2025 (already achieved).
📅 Medium-term
- Achieve net-zero for scope 1 and 2 emissions by 2030.
🔭 Long-term
- Support the orderly transition to a greener, net-zero economy by 2050 or sooner.
🌱 ESG Focus Areas
Climate changeCommunity InvestmentResponsible Business