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. With a strong presence across major operational regions, including Auckland and Christchurch, BNZ operates within the banking and financial services industry, offering a comprehensive range of products and services. BNZ is renowned for its innovative banking solutions, including personal and business banking, investment services, and insurance products. The bank's commitment to customer-centric services and digital banking advancements sets it apart in a competitive market. As a subsidiary of the National Australia Bank, BNZ has achieved significant milestones, solidifying its position as one of New Zealand's leading banks, recognised for its reliability and customer service excellence.
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 65 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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As of the latest reporting, the Bank of New Zealand does not have specific carbon emissions data available, indicating a lack of disclosed emissions figures. The bank is a current subsidiary of National Australia Bank Limited, which may influence its climate commitments and reporting practices. While no direct emissions data is provided, the Bank of New Zealand is aligned with broader initiatives from its parent company, National Australia Bank Limited. This includes participation in the Carbon Disclosure Project (CDP) and commitments to renewable energy through the RE100 initiative, both of which are cascaded from the parent organisation. The bank's climate strategy may also reflect the performance and targets set by National Australia Bank Limited, although specific reduction targets or achievements for the Bank of New Zealand itself have not been disclosed. In summary, while the Bank of New Zealand currently lacks specific emissions data and reduction targets, it is positioned within a corporate family that is actively engaged in climate initiatives and reporting through established frameworks.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 20,848,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 177,540,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - |
| Scope 3 | 112,636,000 | 000,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 0,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
