Nationwide Building Society · LSE:NBS
Nationwide Building Society — ESG Presentation (January 2024)
23 slides from Nationwide Building Society's sustainability presentation, Jan 17, 2024
Slide 1: ESG Webcast
“ nationwide ESG Webcast 17 January 2024 . J *
Slide 2: Agenda
Agenda 01 Nationwide’s Mutual Difference 02 Our Mutual Good Commitments * Champion Thriving Communities: Branch Promise * Reflecting the diversity of our society: Social Mobility 03 Our Mutual Good Commitments * Champion thriving communities * To protect our financial wellbeing 04 Supporting progres
Slide 3: Our business model is our mutual difference
Our business model is our mutual difference Nationwide holds a unique position in UK financial services. As the largest building society, we can deliver the value, service and mutual good to our customers and members that others cannot Our Purpose Our Strategy As amodern mutual, we make a positive W
Slide 4: Being a beacon for mutual good
Being a beacon for mutual good Helping to achieve safe and secure homes for all B Protecting our customers’ financial wellbeing Supporting progress towards agreener society fs Jae | =] | , Championing thriving communities Reflecting the diversity of our society We are the second largest mortgage pro
Slide 5: Demonstrating our mutual difference
Demonstrating our mutual difference £ 8 8 5 million member financial benefit in H1 2023/24, frombetter pricingand incentivesthan the market average Over 4,000 calls handled through our dedicated cost of living helpline Asat April 2023 £ 3 4 4 million distributed to our members through the Nationwide
Slide 6: Championing thriving communities
Championing thriving communities “a As a mutual, we seek to make a positive difference for our customers, communities and society as a whole. We will continue to invest at least 1% of our pre-tax profits to support good causes through our grant programmes and charity partnerships. A quarter of this
Slide 7: Championing thriving communities: Branch Promise
os . _ @, Championing thriving communities a Our Branch Promise: Everywhere we have a branch, we promise to still be there until at least 2026 We have a full UK footprint including 81 locations where we are the a last branch in town. Renewing our Branch Promise means we are the largest single-brand
Slide 8: Reflecting the diversity of our society
Reflecting the diversity of our society We are building a fully inclusive Society, that reflects the diversity of the communities that we serve and represent Ethnicity? Leadershippopulation? Allemployees Leadership population Highest ranked UK high street financial services Actual* Target Target® Ac
Slide 9: Reflecting the diversity of our society
Reflecting the diversity of our society “a Our refreshed Inclusion and Diversity Strategy includes activity to improve social mobility xa QD vf The Society has become a partner of the Progress Together Partnership, which aims to promote socio-economic diversity at senior levels within the UK financi
Slide 10: Helping to achieve safe and secure homes for all
Helping to achieve safe and secure homes for all Using our scale and influence to drive positive change in UK housing By 2025, we will help 250,000 people to buy their first home By 2025 we will have provided £1 billion of new lending to support the social housing sector Helped 1in 7 first time buye
Slide 11: Our climate strategy supports our net-zero ambition
. ws ", Our climate strategy supports our net-zero ambition a Our purpose-led strategy ensures we do business in a way that positively impacts our customers, employees, and communities, and seeks to reduce our impact on the environment Supporting progress towards a greener society Nationwide is comm
Slide 12: ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 13: Our 2030 science-based targets
A Our 2030 science-based targets “ In December 2022, we published our intermediate (by 2030) science-based targets Our targets are calculated in line with SBTi methodologies and cover 100% of our emissions across scope 1, scope 2, and scope 3 downstream emissions, and 91% of scope 3 upstream emissio
Slide 14: Key actions we have taken to achieve our targets for our own operations and supply chain
Key actions we have taken to achieve our targets for “a our own operations and supply chain Gas removed from over 75% of our branch network Phasing out of our employee company car scheme and launched an EV scheme Encouraged our suppliers to sign up to EcoVadis, with the aim of 90% of suppliers achie
Slide 15: We've also identified where we rely on action of others
We’ve also identified where we rely on action of others Our residential mortgage transition model estimates the impacts of key carbon reducing activities on UK housing EE 5-10 Percentage points 2021 Green Now builds ane Retrofitting Current Energy grid Additional emissions propositions portfolio evo
Slide 16: We are taking actions within our control to help progress towards our scope 3 targets
We are taking actions within our control to help progress “@ towards our scope 3 targets In June 2023, we launched our 0% Green Additional Borrowing and Home Energy Efficiency Tool * Upto 5,000 Nationwide mortgage holders Borrow £5,000 - £15,000 up to a maximum of 90% LTV * Two or five-year product
Slide 17: We have a well-established climate change risk model
A . . . a We have a well-established climate change risk model We continue to enhance and embed our climate risk capabilities Cause Scenario analysis helps us quantify our financial exposure to climate risk Climate Change and build our understanding of the challenges to our business model Physical r
Slide 18: ESG ratings
ESG ratings MSCI ESG Rating! AAA Leader Rated December 2023 moos Anayties ESC 62 0to100 July 2023 ISS ESG Rating? C+, Prime A+ to D- September 2023 CDP Climate Change A AtoD- December 2022 Disclosure S&P Global ESG Score 52 Oto 100 December 2023 We're also rated by Morningstar Sustainalytics, our ES
Slide 19: Environmental and social consciousness are aligned to our mutual purpose
Environmental and social consciousness are aligned to our mutual purpose of Banking — but fairer, more rewarding, and for the good of society. As a major challenger to the shareholder-owned banks, we provide a good way to bank for our customers. Our five Mutual Good Commitments articulate our ESG st
Slide 20: Appendix
Appendix ESG Investor Webinar Appendix: Transition Plan Contacts SESE
Slide 21: Our Transition Plan
Our Transition Plan The actions we are taking to help progress towards our intermediate (by 2030) science-based targets. ‘Continue to purchase renewable electricity through to 2030 ‘Scopes tand2 uich coe eseson Full Removal of gas from Removal of gas eeery Closure of our ioorater Gas free across net
Slide 22: Contact information
Contact information = Investor Relations mailbox Investor Relations website Sarah Abercrombie Head of Investor Relations, Credit Ratings & Treasury Sustainability Jo Dwyer Senior Manager, Treasury Sustainability ionwide.tr r ionwide.co.uk www.nationwide.co.uk/investor-relations rah.abercrombi ionwid
Slide 23: “ nationwide
“ nationwide
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