National Bank Of Canada
The National Bank of Canada (Banque Nationale du Canada), headquartered in Montreal, Quebec, is a prominent player in the Canadian banking industry. Founded in 1859, it has established itself as a leading financial institution, primarily serving the provinces of Quebec and Ontario, while also expanding its reach across Canada. Specialising in personal and commercial banking, wealth management, and financial markets, the National Bank offers a diverse range of core products and services, including innovative digital banking solutions. Its commitment to customer service and community engagement sets it apart in a competitive landscape. With a strong market position, the National Bank of Canada has achieved notable milestones, including recognition for its sustainable practices and technological advancements. As a trusted financial partner, it continues to adapt to the evolving needs of its clients, ensuring a robust presence in the Canadian financial sector.
DitchCarbon Score
How does National Bank Of Canada's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
National Bank Of Canada's score of 37 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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National Bank Of Canada's reported carbon emissions
In 2023, the National Bank of Canada reported total carbon emissions of approximately 21,392,000 kg CO2e. This figure includes Scope 1 emissions of about 2,237,000 kg CO2e, Scope 2 emissions of around 13,491,000 kg CO2e, and Scope 3 emissions totalling about 5,664,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were approximately 17,994,000 kg CO2e, with Scope 1 at about 2,484,000 kg CO2e, Scope 2 at around 12,039,000 kg CO2e, and Scope 3 at approximately 3,471,000 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023. The bank has not disclosed any specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded data from a parent organization. The absence of formal reduction targets suggests that the National Bank of Canada may be in the early stages of developing a comprehensive climate strategy. Overall, the National Bank of Canada is actively monitoring its carbon footprint across all scopes of emissions, but further commitments and reduction initiatives will be essential for aligning with industry standards and addressing climate change effectively.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,832,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 11,860,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 6,156,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
National Bank Of Canada is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
