National Australia Bank (NAB) is a leading financial institution headquartered in Melbourne, Australia. Established in 1893, NAB has grown to become one of the largest banks in the country, serving millions of customers across Australia, New Zealand, and the UK. The bank operates primarily in the banking and financial services industry, offering a comprehensive range of products including personal banking, business banking, and wealth management services. NAB is renowned for its commitment to innovation and customer service, with unique offerings such as its digital banking solutions and tailored financial advice. The bank has achieved significant milestones, including its recognition as a top employer and its efforts in sustainability and community support. With a strong market position, NAB continues to be a trusted partner for individuals and businesses seeking reliable financial solutions.
How does Nab'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.
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.
Nab's score of 57 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, NAB reported total global emissions of approximately 60,829,000 kg CO2e, with Scope 1 emissions at about 6,619,000 kg CO2e, Scope 2 emissions at approximately 32,066,000 kg CO2e, and Scope 3 emissions reaching about 43,020,000 kg CO2e. The bank's emissions intensity for office operations was reported at 70,800 kg CO2e per square metre, while retail operations had an intensity of 78,400 kg CO2e per unit of revenue. NAB has not disclosed specific reduction targets or initiatives in its climate commitments, indicating a lack of formalised reduction strategies at this time. The absence of documented reduction targets suggests that NAB may be in the early stages of developing a comprehensive climate action plan. Overall, NAB's emissions data highlights the significant environmental impact of its operations, particularly in Scope 3 emissions, which encompass a wide range of indirect emissions. The bank's commitment to addressing climate change remains a critical area for future development.
Access structured emissions data, company-specific emission factors, and source documents
2015 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|
Scope 1 | 16,544,000 | - | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Scope 2 | 133,680,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 000,000 |
Scope 3 | - | 000,000,000 | 00,000,000 | 0,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Nab is participating in some 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.