Nationwide receives award for another sector-leading sustainability achievement

1 August 2016

Nationwide Building Society becomes the first high-street financial services provider in the UK to achieve triple recertification to the Carbon Trust Standards for Carbon, Water and Waste.

The Carbon Trust Standard is an independent certification recognising organisations that successfully measure, manage and reduce their environmental impact. Achieving the Carbon Trust Standard for carbon emissions, water use and waste output demonstrates real leadership on three of the most significant direct sustainability issues associated with the financial services sector, with tangible year-on-year progress required to maintain the certifications.

This award recognises Nationwide’s commitment to living up to its mutual heritage by doing the right thing in the communities in which it operates as part of its five year ‘Living on Your Side’ Citizenship Strategy.

In 2011, Nationwide set three ambitious environmental targets

  1. Ensure 2020/21 carbon emissions remain at or below 2011 baseline levels
  2. Reduce water consumption by 10% by 2015
  3. Achieve zero waste to landfill by 2015

The Society has made good progress:

  • Carbon footprint has reduced by 13.5% compared to 2011 – exceeding target
  • Used 23.6% less water than in 2010/11 – exceeding target
  • 100% of waste is now diverted from landfill – target achieved

New targets have recently been agreed:

  1. Keep carbon emissions down to 2015 levels
  2. Reduce water use by 5% by 2020
  3. Reduce waste by 100 tonnes and increase recycling to at least 80% by 2020.

Jenny Groves, Nationwide Divisional Director for Branch and Workplace Transformation said: “As the world’s largest building society we recognise our responsibility to build a truly sustainable business. Our vision is to be among the best performers for environmental sustainability in the UK financial services sector and becoming the first high-street financial services provider to be awarded triple certification to the Carbon Trust Standard in 2014 demonstrated our success. Since then we have also achieved certification to the Carbon Trust Standard for Supply Chain, recognising that we are working with our suppliers to help them reduce their emissions as well.

“Being recognised for our ongoing progress in reducing carbon emissions, water use and waste by the Carbon Trust is a fantastic achievement and I’m proud we have achieved it yet again. This recognition is testament to the long term commitment and progress we have made. This year alone we have put in place a new power purchase agreement which will ensure at least 50% of our total electricity use will be generated for us on a solar farm – this means we will be able to meet the increasing business demand for energy, whilst also reducing our carbon emissions. I’m proud that we have not only met our targets, but exceeded on two key measures.”

Darran Messem, Managing Director of Certification at the Carbon Trust, said; “We have been working with Nationwide since 2010 and over that period the organisation has consistently been one of the strongest performers on sustainability in the financial services sector. We are impressed by the holistic approach the team at Nationwide takes to reducing environmental impact and making ongoing improvements. We are therefore delighted to recognise that these efforts have resulted in real achievements and once again award Nationwide triple certification to the Carbon Trust Standard.”

About Nationwide

Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers.

Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 18,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

In 2008, Nationwide’s members voted for at least 1% of the Society’s profits each year to be donated to good causes. This has allowed Nationwide to support thousands of charities and community projects across the UK. In 2012, the ‘Living on your side’ strategy was launched - a five year Citizenship strategy which brings to life Nationwide’s brand promise to be on the side of its members.

About the Carbon Trust
The Carbon Trust is an independent, expert partner of leading organisations around the world, helping them contribute to and benefit from a more sustainable future through carbon reduction, resource efficiency strategies and commercialising low carbon technologies.

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