Nationwide first achieved the Carbon Trust Standard in 2010, and became the first high street financial services provider to achieve triple certification for carbon, water and waste reduction in 2014. Then in 2015 Nationwide piloted the methodology for the Carbon Trust Standard for Supply Chain.
Nationwide, the UK’s second largest provider of household savings and mortgages, first achieved the Carbon Trust Standard in 2010. The building society then became the first high street financial services provider to achieve triple certification for carbon, water and waste reduction in 2014. This was then followed in 2015 with Nationwide acting as one of the pathfinders piloting the methodology for the Carbon Trust Standard for Supply Chain, successfully achieving the award thanks to its work engaging suppliers around emissions reduction.
As is the case with most organisations, the majority of emissions associated with Nationwide’s business occur outside of its operational control. A large proportion of these relate to the ICT, postal, and telecommunications services that allow the building society to handle data and communicate with customers. To address this a focus has been put on engaging with ICT providers to minimise emissions, as well as promoting lower carbon transport options in supplier fleets.
Under its supplier code of conduct, Nationwide requires shortlisted suppliers to complete a questionnaire to help it understand how that supplier manages the carbon footprint of its own operations and supply chain. Using this information, the company can then target significant suppliers and work jointly with them in order to strengthen their sustainability capabilities and actively support them in reducing emissions.
Nationwide has already progressed to the second of the three levels that exist under the Carbon Trust Standard for Supply Chain. This recognises that a hotspot analysis of the supply chain has been completed, identifying and prioritising critical points for engagement, and that the business has progressed to engaging with those suppliers. With baseline measurements established from which future progress can be tracked, Nationwide is now looking to work with targeted suppliers to deliver quantified reductions in upstream emissions and qualify for the highest level of the certification.
As the world’s largest building society, we operate for the benefit of our 15 million members. This means that we have an obligation to act as a responsible business, which includes following best practice on climate change and environmental sustainability. Our four certifications to the Carbon Trust Standard support us in making continuous progress in a number of important areas and setting a positive example, while helping us effectively communicate our achievements to our customers, suppliers, and the wider community.
Philippa Green, Head of Procurement, Nationwide