Get access to reliable data from actual meter readings to improve your financed emission reporting.
Find out more Leeds Building Society enhance measurement of mortgage emissions
Overview: Leeds Building Society enhance measurement of mortgage emissions
How did our Meter Insights product help Leeds Building Society?
Leeds Building Society is the fifth largest building society in the UK, with assets of £31.6 billion. They provide residential mortgages through a network of approved mortgage brokers and directly to members. As a mutual organisation, they are owned by their members and act in their best interests over the long term.
The switch to Meter Insights data has not only improved data quality and reporting accuracy, but also enabled efficient, cost-effective, and GDPR compliant data access. This has provided greater confidence in their reporting and streamlined the production process.
Challenge overview
The UK’s housing stock is one of the oldest and least energy-efficient in Europe. In fact, nearly 90% of the total carbon footprint of financial institutions, such as banks and building societies, comes from the carbon emissions of the properties and projects they finance.
Sources:
BRE Group, The Housing Stock of The United Kingdom, Feb 2020
Challenges
- The UK’s housing stock is one of the oldest and least energy-efficient in Europe
- Reliance on outdated and inaccurate Energy Performance Certificates (EPCs) for calculating emissions
View Leeds Building Society Profile
Company Bio:
Leeds Building Society is a building society based in Leeds, England. It serves approximately 900,000 customers across the United Kingdom, who together hold £9.9 billion in savings balances and is the fifth largest building society in the UK. It has 51 branches across the UK.
| |
|---|---|
| Established: | 1875 |
| Number of customers: | 900,000+ |
| Number of employees: | 1,500+ |
The switch to Experian’s Meter Insights data has significantly improved our data quality and reporting accuracy, enabling us to confidently achieve a 36% reduction in attributed emissions for residential mortgages.
Solution overview
Leeds Building Society implemented Experian’s Meter Insights product, which provides aggregated and anonymised property-level energy metered data and up-to-date emission factors.
The switch to Meter Insights data has not only improved data quality and reporting accuracy but also enabled efficient, cost-effective, and GDPRcompliant data access. This has provided greater confidence in their reporting and streamlined the production process.
Leeds Building Society looks forward to continuing their partnership with Experian to explore further refinements to the Meter Insights product and other innovative use cases for climate risk data and analysis.
We offer a robust solution, aligned with the Partnership for Carbon Accounting Financials methodology, addressing several limitations of existing approaches for calculating building emissions.
Learn more about how Meter Insights could help your business
Results
- Reduced attributed emissions for residential mortgages by approximately 36% between 2023 and 2024
- Improved the accuracy of emissions reporting
- Rebaselined and increased their existing emissions target to reflect the change
Related Products
Not the right solution for your business? Browse all our products
We have solutions we can tailor for your business needs
Speak to an expert
Case Study
How HelloFresh developed a personalised strategy to optimise their acquisitionHelloFresh had already established direct mail as their best-performing channel. But they wanted to go further – beyond generic messaging – to create truly personalised content that resonated with individual households.
By combining customer data with Experian’s accurate household level insights, HelloFresh has proven that personalization isn’t just a buzzword – it’s a performance driver.
See full story >
Case Study
Experian Address Validation saves time, improves data accuracy and enhances ZSL member experienceZSL faced delays in membership sign-up and lost renewals due to inaccurate contact data. Experian embedded Address Validation into ZSL’s Tessitura system, ensuring accurate, validated data for seamless member experiences.
See full story >
Case Study
How Nesta built a segmentation framework to identify and engage future heat pump adoptersTo meet the UK’s climate goals, around 3 million homes must switch to low-carbon heating by 2030 – a twelvefold increase from current adoption rates.
Nesta, the UK’s innovation agency for social good, is driving this shift by helping energy, tech, and finance sectors better engage future adopters. But to do that effectively, Nesta need to pinpoint who’s ready to adopt and what’s holding others back.
See full story >
Case Study
Data migration is rarely straightforward, but partnering with Experian is.L&Q, one of the UK’s largest housing associations, focuses on developing affordable homes, managing properties and supporting communities. To handle the extensive data generated from this, L&Q relied on Experian’s services.
By combining migration with data quality efforts, L&Q have experienced a seamless migration and established a strong foundation for future growth.
See full story >
Case Study
How did our integrated credit risk solutions help The Right Fuel Card Company achieve their goals?The Right Fuel Card Company (RFC), part of the Edenred Group, supports around 20,000 active customers and processes 1,000 new fuel card applications each month. Their customers range from sole traders to fleet managers – all of whom rely on RFC for streamlined payments and credit to manage fuel costs.
RFC needed a smarter, real-time view of affordability. That’s where we helped.
See full story >
Case Study
Redefining the finance first journeyThe car finance ecosystem, like others, has undergone significant changes over recent years, driven by digital innovation, shifting consumer expectations, and increasing regulation. As a result, dealers, brokers and lenders have had to rethink traditional processes.
In assessing potential data partners, EnquiryLabs recognised Experian’s strong position in the market. With most UK vehicle finance lenders already dependent on Experian’s data, it would provide a consistent link between pre-qualification checks and lenders’ own decisioning processes.
Find out how Experian and EnquiryLabs delivered innovation through partnership.
See full story >