Bank Of New Zealand

Bank Of New Zealand's reported carbon emissions

In 2022, the Bank of New Zealand (BNZ) reported total carbon emissions of approximately 5,000,600 kg CO2e. This figure includes 1,487,200 kg CO2e from Scope 1 emissions, 1,209,500 kg CO2e from Scope 2 emissions, and 2,949,900 kg CO2e from Scope 3 emissions. Comparatively, in 2021, BNZ's total emissions were approximately 5,000,000 kg CO2e, with Scope 1 emissions at 2,518,800 kg CO2e, Scope 2 at 1,397,000 kg CO2e, and Scope 3 at 3,026,300 kg CO2e. In 2020, the bank's emissions were higher, totalling approximately 5,940,600 kg CO2e, comprising 3,034,300 kg CO2e from Scope 1, 1,452,300 kg CO2e from Scope 2, and 5,458,100 kg CO2e from Scope 3. Despite these figures, BNZ has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi). The bank's emissions data is not cascaded from any parent organisation, indicating that it operates independently in its reporting and climate strategy. Overall, BNZ's emissions reflect its operational impact, and while it has not established formal reduction targets, the bank's commitment to sustainability remains a focus in its corporate strategy.