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 41 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank Of New Zealand's reported carbon emissions
In 2023, the Bank of New Zealand (BNZ) reported total carbon emissions of approximately 16,000,000 kg CO2e, with emissions distributed across various scopes: 1,520,000 kg CO2e for Scope 1, 855,000 kg CO2e for Scope 2, and 14,877,000 kg CO2e for Scope 3. This represents a notable increase in Scope 3 emissions compared to previous years, indicating a growing impact from indirect sources. In 2022, BNZ's total emissions were about 14,000,000 kg CO2e, with Scope 1 emissions at 1,487,000 kg CO2e, Scope 2 at 1,357,000 kg CO2e, and Scope 3 at 7,671,000 kg CO2e. The trend shows a significant reliance on Scope 3 emissions, which include employee commuting and other indirect activities. The bank's emissions have fluctuated over the years, with 2021 reporting approximately 11,000,000 kg CO2e, where Scope 1 was 2,519,000 kg CO2e, Scope 2 was 1,397,000 kg CO2e, and Scope 3 reached 8,741,000 kg CO2e. Despite these figures, BNZ has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's emissions intensity for power generation has improved, with a reported intensity of 75.82 kg CO2e per MWh in 2023, down from 151.32 kg CO2e per MWh in 2022. Overall, while BNZ has made strides in emissions reporting, the lack of formal reduction commitments highlights an area for potential growth in their climate strategy.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,518,800 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,559,300 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 3 | 1,796,500 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
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 committed to any reduction initiatives 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.
