Bank Of New Zealand Sustainability Profile
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 59% 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 5,040,000 kg CO2e, with Scope 1 at 3,846,000 kg CO2e and Scope 2 at 1,559,000 kg CO2e. The bank has not disclosed any Scope 3 emissions data since 2020, when it reported 5,458,100 kg CO2e. Despite the reductions, BNZ has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction commitments suggests a need for further action in aligning with industry standards for climate accountability. Overall, BNZ's emissions data reflects a positive trend towards lower carbon emissions, but the lack of defined targets indicates potential areas for improvement in their climate strategy.
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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 | - | - | - |
How Carbon Intensive is Bank Of New Zealand's Industry?
How Carbon Intensive is Bank Of New Zealand's Location?
Bank Of New Zealand's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank Of New Zealand has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
