Nationwide Building Society, often referred to simply as Nationwide, is a prominent financial institution headquartered in Swindon, GB. Established in 1846, it has grown to become one of the largest building societies in the UK, serving millions of members across the country. Operating primarily in the banking and financial services industry, Nationwide offers a range of core products, including savings accounts, mortgages, and insurance services. What sets Nationwide apart is its mutual status, meaning it is owned by its members rather than shareholders, allowing for a customer-focused approach to service and competitive rates. With a strong market position, Nationwide has consistently been recognised for its commitment to customer satisfaction and innovation in financial services, making it a trusted choice for individuals seeking reliable banking solutions.
How does Nationwide 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.
Mean score of companies in the Financial Intermediation 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.
Nationwide Building Society's score of 80 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Nationwide Building Society reported total carbon emissions of approximately 21,293,000 kg CO2e, which includes about 1,810,000 kg CO2e from Scope 2 emissions. The previous year, 2023, saw total emissions of about 23,358,000 kg CO2e, comprising approximately 2,361,000 kg CO2e from Scope 1 and about 19,383,000 kg CO2e from Scope 2. Notably, Nationwide has set a target to achieve a 42% reduction in absolute Scope 1 emissions by 2030, aiming for a target of 3,290 kg CO2e per year by that date. Nationwide is committed to net-zero emissions by 2050, aligning with international climate agreements. As part of its near-term initiatives, the organisation has pledged to eliminate gas usage from its branch network, with over 80% already converted to electrical solutions and a goal of 100% by the end of 2025. Additionally, Nationwide aims to source 100% renewable electricity for its operations by 2030. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by Nationwide Building Society.
Access structured emissions data, company-specific emission factors, and source documents
2011 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|
Scope 1 | 4,890,000 | 0,000,000 | - | 0,000,000 | 0,000,000 | - |
Scope 2 | 50,802,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | - | 000,000,000 | - | 000,000,000 | 000,000,000 | - |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Nationwide Building Society is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.