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 54 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, NAB reported total carbon emissions of approximately 40,479,380 kg CO2e, with Scope 1 emissions at about 60,354,000 kg CO2e, Scope 2 emissions at approximately 111,000 kg CO2e, and Scope 3 emissions reaching about 65,515,000 kg CO2e. This reflects a commitment to transparency in their carbon footprint across all scopes of emissions. NAB has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon emissions. However, they continue to report on their emissions and engage in climate-related disclosures, indicating a commitment to addressing climate change. The absence of defined reduction targets suggests that while NAB is monitoring its emissions, it may not yet have formalised a comprehensive strategy for significant reductions. Overall, NAB's emissions data highlights the importance of ongoing efforts in sustainability and climate action, particularly in the context of the financial services industry in Australia.
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 | 00,000,000 | 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 committed to some reduction initiatives 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.