Our Ethics and Sustainability

Our environmental impact

We aim to maximise the positive environmental impact of our business. While our greatest impact will be from our lending - supporting and promoting building practices that respect the environment and sustainable, low impact communities, we’re also working to reduce the direct environmental impact of our operations.

Every year we conduct an environmental audit and review our environmental policy. Our team regularly undergoes environmental training and we seek to reduce energy consumption, water usage and waste generation in our day-to-day running. All our electricity is sourced from renewables and we have offset our carbon emissions since we began in 1981.

• Our offices

Our eco-build offices were designed to have an airtight structure, high levels of insulation and low energy requirements. Photovoltaic panels generate electricity from the sun, windows are double glazed, filled with argon to improve heat retention in winter, and have a reflective film applied to prevent overheating in summer. A heat exchanger and high-efficiency condensing boiler is also used to assist our renewable technologies in maintain a comfortable temperature.

Wherever possible, materials used in the building are from renewable sources, recycled or low toxicity. Our sedum nature roof provides a habitat for birds and insects, and a rain water harvesting system supplies the water for our toilets, water the roof and the gardens.

• Our gardens

The gardens around our offices are designed to be edible and productive whilst being low maintenance, ecological and attractive. Crops include ‘superfood’ fruits, nuts, herbs and mushrooms. The gardens also include a woodland habitat and a wildflower meadow. Raised beds provide space for Ecology’s staff to grow their own vegetables. Part of the gardens are also open for the local community to enjoy. You can find out more about the garden design and the plants in our garden here.

• Our carbon footprint

In order to manage and reduce our carbon emissions we want to make the most accurate assessment possible of our carbon footprint. So, for the last six years, we've been working with Small World Consulting, a team based at Lancaster University and led by footprinting expert Mike Berners-Lee, to develop our approach to measuring our emissions.

Our carbon footprint figure includes the emissions generated through our 'supply chain' - the products and services we use as part of our day-to-day work - no matter where those emissions are generated. Our greenhouse gas emissions for 2015 were 339 tonnes CO2e (equivalent carbon dioxide), or 309 tonnes CO2e excluding staff commuting. This equates to around 11 grams CO2e per £ of new lending.

In 2016, Small World Consulting improved upon their calculation model to ensure the estimated emissions are as accurate as possible. The new model was applied to our carbon calculations for 2015 as well as being used to restate the figures for 2014, providing us with an effective comparison. The latest results show an increase in absolute emissions across the years, with a reduction in relative emissions when the growth of our lending is taken into account:

Year Total CO2e CO2e excluding staff commuting Grams of CO2 per £ of new lending
2010 267 tonnes 229 tonnes 23 grams
2011 280 tonnes 235 tonnes 26 grams
2012 291 tonnes 256 tonnes 33 grams
2013 306 tonnes 283 tonnes 27 grams
2014 339 tonnes 293 tonnes 21 grams
260 tonnes 214 tonnes 15 grams
2015 359 tonnes 309 tonnes 11 grams

The growth in emissions has been largely driven by:

• An increase in staff business travel and commuting as we expand our team to help us grow our member base and sustainable lending. Staff travel can be a challenge in a semi-rural area with poor public transport infrastructure.
• An increase in the services we purchase, especially professional services such as accountancy, to help us respond to increased regulatory requirements and ensure our systems and processes are fit for the future.

Cutting our footprint

As well as using as offsetting our carbon emissions, we've taken steps to reduce our footprint as much as possible, including:

• The installation of an electric vehicle charger in our car park for staff and member use
• The purchasing of hybrid vehicles by the Society which now have electric plug-in technology, supplied by our renewable energy supplier
• Encouraging staff to use public transport, car share and providing a cycle to work scheme
• The conversion of existing lighting to efficient LED technology and the installation of light sensitive motion detectors and timers to avoid lights being left on
• The transfer of our recycled waste collection to an alternative provider who will recycle more of our waste, which reduces the amount of our waste going to landfill
• Obtaining electricity and gas from renewable energy suppliers

We’ve already achieved many of the ‘quick-wins’ to reduce our carbon emissions but we continue to work hard at identifying more actions which will help reduce our footprint further. These will include:
• Continuing to work with our suppliers to ensure we are choosing the most sustainable options when purchasing goods and services.
• Reducing the number of paper-based communications with our members and encouraging take-up of online communications, which will help us reduce our use of paper, save time and lower costs!
And, of course, the greatest positive impact will be to grow our lending to help save carbon across the UK's housing stock!

Fair Tax

• In 2016 Ecology was the first building society in the UK to be awarded the Fair Tax Mark, the world’s first independent accreditation scheme to address the issue of responsible tax. The scheme demonstrates our genuine commitment to be open and transparent about the Society’s tax affairs and pay the right amount of corporate tax at the right time and in the right place.

Fair Pay

Ecology has a long standing commitment to fair pay:

• Ecology became an accredited Living Wage Employer in 2015. While all the Society’s salaries already exceeded the Living Wage, accreditation demonstrated our commitment to maintain this, as well as ensuring that all contractors working on our premises will also be paid the Living Wage.
• All employees (including Executive Directors) are paid in relation to their expertise, overall contribution and the general market place. Ecology has a policy that no basic salary will exceed a maximum of eight times the lowest full grade available.



Ecology Building Society was rated as an ethical Best Buy for our mortgages and savings accounts by Ethical Consumer magazine in its product guide rankings (in issue Jul / Aug 2016).
Ecology Building Society was rated as an ethical Best Buy for our mortgages and savings accounts by Ethical Consumer magazine in its product guide rankings (July/August 2016 issue).


UntitledYour eligible deposits with Ecology Building Society are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Please click here for further information or visit www.fscs.org.uk | FSCS Information Sheet

Ecology Building Society Annual General Meeting 2018

POSTED ON 23 May 2018
Our 2018 AGM and Members’ Meet up was held on Saturday 28 April at The Priory Rooms, Quaker Meeting House,  in Birmingham. The event provides an opportunity for members to meet the Ecology team and share their views on our work as well as having a direct input into our policies and practices. As well as the formal AGM business, members’ ... Read more

Retrofitting and renovating for the future

POSTED ON 9 February 2018
In a guest blog, Aneaka Kellay, from Carbon Co-op, discusses how their work is helping to shift Government policy on energy-efficient renovations and provides tips for homeowners considering improving the energy performance of their home.  It has become clear that home energy efficiency improvements have a significant part to play in our future ... Read more