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Sustainability

With sustainability at the heart of everything we do, we're in it for the long run

From our communities to the environment, we believe in creating long-term value for members and customers. 

In 2025, we welcomed The Co-operative Bank into the family, extending our propositions into the personal current account and business banking markets. Between us, we have over 100 branches, more than 4 million members and customers and over 300 years of combined experience.

Our commitment

The Group is committed to supporting the United Nations Sustainable Development Goals (UN SDGs), UN Global Compact and UN Principles for Responsible Banking and the B Corp Impact Area Pillars by integrating sustainability into the products we offer, the way we operate our business, and the contribution we make to broader society.
 

Through 2025, we reviewed our strategy, reflecting the activities of the enlarged Group and building on the heritage of both organisations. This refreshed Group strategy has been developed to shape an exciting future for the combined organisation with the ambition to offer something meaningfully different to families, businesses and individuals across the country. We review our strategic plan each year to ensure it continues to meet the evolving expectations of our members, customers and other stakeholders and the changes to the markets in which we operate.
 

More information on our strategy and 2025 business performance can be found in our Sustainability Report 2025

Our 2025 Group highlights

Environmental

Planted a tree for every colleague

6,000 trees in our local communities

Planted a tree for every colleague

6,000 trees in our local communities

62% 
reduction in Group emissions for Scope 1 and 2 (compared to 2021)
Trees
Trees
62% 
reduction in Group emissions for Scope 1 and 2 (compared to 2021)
Coventry Building Society remains ISO 14064 accredited1

Aligned

Our Group Net Zero Strategy to 2050

Compass
Carbon neutral 
Our Group remains carbon neutral for our own operations
CDP
Overall score for the Society 'B'

Social

76% 
Great Places to Work Trust index score2 
Over 19,000
hours of colleague volunteering
Books
Over 16,000
people positively impacted by our community programmes
Paint brushes
Over £6m
invested in our communities

112 apprentices

recruited by the Group

Governance

B Corp certified

Coventry Building Society continue to evidence its commitment to B Corp's philosphy through continous improvement

B Corp
International ESG frameworks
Continue to use best practice standards
MSCI ESG rating
AA at Coventry Building Society
AAA at Co-operative bank
Illustration
1 An international standard that quantifies the reporting and verification of greenhouse gas emissions (GHG).
2 A measure including a trust-based people first workplace based on positive responses to the annual Great Places to Work survey.

Our Sustainability Strategy

Our strategy focuses on our material sustainability impacts, enabling us to focus our efforts where they can deliver the greatest benefit for stakeholders, communities, the environment and the long-term success of the business. Our role as a financial organisation gives us a unique ability to create positive environmental, social and economic outcomes, so to deliver our mission to power good with every pound, we focus on:

Environmental

Coins

Ethical and sustainable lending 

 

House with solar panels
Access to green finance
EV charging

Net Zero planning

 

Social

Supporting lady with stick

Supporting vulnerable customers

 

Chatting on sofa
Financial inclusion and resilience
Unlocking door

Access to housing

 

Governance

Defence

Cyber and data security

 

Fraud
Financial crime and fraud
Methology
Ethical practices

Principles for Responsible Banking Report 2024

Sustainability Report

Our progress on gender and ethnicity inclusion

Race at Work Charter

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