Bank Of New Zealand
The Bank of New Zealand (BNZ), a prominent financial institution headquartered in Wellington, NZ, has been serving customers since its establishment in 1861. As a key player in the banking industry, BNZ operates extensively across New Zealand, providing a comprehensive range of financial services including personal banking, business banking, and wealth management. With a commitment to innovation, BNZ has introduced unique products such as its digital banking solutions, which enhance customer experience and accessibility. The bank has consistently positioned itself as a leader in the market, recognised for its customer-centric approach and strong community involvement. Over the years, BNZ has achieved significant milestones, solidifying its reputation as a trusted partner in financial growth and stability for New Zealanders.
DitchCarbon Score
How does Bank Of New Zealand'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
Bank Of New Zealand's score of 39 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Of New Zealand's reported carbon emissions
In 2023, the Bank of New Zealand (BNZ) reported total carbon emissions of approximately 2,570,000 kg CO2e, comprising 1,520,000 kg CO2e from Scope 1 and 1,357,000 kg CO2e from Scope 2. This marks a significant reduction from 2022, where emissions were about 2,919,000 kg CO2e, with Scope 1 emissions at 2,519,000 kg CO2e and Scope 2 at 1,397,000 kg CO2e. Over the past few years, BNZ has demonstrated a commitment to reducing its carbon footprint. In 2021, the bank's emissions were approximately 5,042,000 kg CO2e, with Scope 1 emissions at 3,846,000 kg CO2e and Scope 2 at 1,559,000 kg CO2e. The data indicates a downward trend in emissions, particularly in Scope 1, which has decreased by about 2,326,000 kg CO2e from 2021 to 2023. BNZ has not disclosed any Scope 3 emissions data since 2020, when it reported approximately 5,458,100 kg CO2e. The bank has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. Overall, BNZ's emissions data reflects a proactive approach to climate action, with a clear focus on reducing Scope 1 and Scope 2 emissions. The bank's headquarters is located in New Zealand, and it continues to monitor and report its carbon emissions as part of its sustainability efforts.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 3,846,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,534,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 5,962,000 | 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.
Bank Of New Zealand 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.
