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 92% 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 11,340,000 kg CO2e. This figure includes 1,520,000 kg CO2e from Scope 1 emissions, 855,000 kg CO2e from Scope 2 emissions, and 3,537,000 kg CO2e from Scope 3 emissions, which notably includes 1,155,000 kg CO2e from employee commuting. In 2022, BNZ's total emissions were about 4,680,000 kg CO2e, with Scope 1 emissions at 1,487,000 kg CO2e, Scope 2 emissions at 1,357,000 kg CO2e, and Scope 3 emissions at 1,836,000 kg CO2e, including 1,227,000 kg CO2e from employee commuting. This represents a significant increase in emissions from 2022 to 2023. The bank has demonstrated a commitment to addressing climate change, although specific reduction targets or initiatives have not been disclosed. The absence of documented reduction targets suggests that while BNZ is aware of its carbon footprint, it may not yet have formalised a comprehensive strategy for emissions reduction. Overall, BNZ's emissions data reflects its operational impact and highlights the importance of developing robust climate commitments to mitigate future emissions.
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| 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 | 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.
