Kiwibank Sustainability Profile
Kiwibank Limited, commonly known as Kiwibank, is a prominent financial institution headquartered in Wellington, New Zealand. Established in 2002, Kiwibank has rapidly evolved within the banking industry, focusing on providing a range of services including personal banking, business banking, and home loans. With a commitment to supporting New Zealanders, Kiwibank offers unique products such as its competitive home loan options and innovative digital banking solutions. The bank has garnered a strong market position, recognised for its customer-centric approach and dedication to local communities. Over the years, Kiwibank has achieved significant milestones, including numerous awards for customer service excellence, solidifying its reputation as a trusted banking partner across New Zealand.
DitchCarbon Score
How does Kiwibank'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
Kiwibank's score of 29 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kiwibank's reported carbon emissions
In 2024, Kiwibank reported total carbon emissions of approximately 706,140 kg CO2e. This figure includes Scope 1 emissions of about 144,940 kg CO2e, Scope 2 emissions of approximately 331,710 kg CO2e, and Scope 3 emissions of around 229,490 kg CO2e. In 2022, Kiwibank's emissions were slightly lower, with a total of about 686,600 kg CO2e, comprising Scope 1 emissions of approximately 230,500 kg CO2e, Scope 2 emissions of about 308,800 kg CO2e, and Scope 3 emissions of around 147,300 kg CO2e. Kiwibank has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The emissions data is cascaded from Kiwibank Limited, indicating a corporate family relationship. As a current subsidiary, Kiwibank's performance metrics are derived from its parent organisation, ensuring alignment with broader sustainability goals.
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| 2024 | |
|---|---|
| Scope 1 | 144,940 |
| Scope 2 | 331,710 |
| Scope 3 | 229,490 |
How Carbon Intensive is Kiwibank's Industry?
How Carbon Intensive is Kiwibank's Location?
Kiwibank'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.
Kiwibank 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.
