- Rising interest rates and high inflation impacting borrowers and savers.
- Challenging economic environment affecting prospective home buyers.
- Increasing cyber security threats.
- Climate change risks (physical and transition).
West Bromwich Building Society
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, West Bromwich Building Society disclosed greenhouse gas emissions of 631.7 tCO2e/year (Scope 1 and 2). By scope: Scope 1: 187.9 tCO2e/year; Scope 2: 443.8 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
631.7 tCO2e/year (Scope 1 and 2)
2023-04 to 2024-03
Renewable Energy
100% of total energy use
of total energy
📊 Emissions by Scope (2023-04 to 2024-03)
| 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). | 187.9 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 443.8 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 |
|---|---|
| 2023-04 to 2024-03 | 631.7 tCO2e/year (Scope 1 and 2) |
| 2022-04 to 2023-03 | 623.5 tonnes/year |
| 2021 | 818.5K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Sourcing 100% renewable energy through wind and hydro assets.
- Prioritised high energy-performance housing within West Bromwich Homes Limited rental portfolio, with 97% of the portfolio at EPC C or above.
- Initiated the roll-out of a new LED lighting system across Head Office.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Carbon neutral for all operations under direct control by 2025.
📅 Medium-term
- Achieve net zero emissions by 2050, with aspiration to become carbon negative.
🔭 Long-term
- Achieve net zero emissions by 2050, with aspiration to become carbon negative.
🌱 ESG Focus Areas
Home ownershipCustomer serviceCommunity investmentEmployee wellbeingEnvironmental sustainability