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 40 is higher than 89% 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 2,237,000 kg CO2e from Scope 1 emissions, 13,491,000 kg CO2e from Scope 2 emissions, and 5,664,000 kg CO2e from Scope 3 emissions. Over the past few years, the bank has shown a trend of fluctuating emissions, with a notable decrease from 20,848,000 kg CO2e in 2019 to 17,031,000 kg CO2e in 2020, followed by a further reduction to 13,964,000 kg CO2e in 2021. However, emissions increased again to 17,994,000 kg CO2e in 2022 before rising to the current level in 2023. The bank has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for improvement in their climate commitments. The absence of defined reduction strategies suggests that while the bank is tracking its emissions, it may need to establish clearer goals to enhance its sustainability efforts.
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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.
