Nab

NAB, headquartered in Australia and operating in Financial intermediation services, except insurance and pension funding services (65), has disclosed its carbon emissions and climate commitments.

For 2025, NAB reported 4,975,000 kg CO2e in Scope 1 emissions (mobile combustion) and 78,259,000 kg CO2e in Scope 3 emissions. In 2024, Scope 1 mobile combustion emissions were 5,138,000 kg CO2e, and Scope 3 emissions totalled 71,006,000 kg CO2e. For 2023, the company's total emissions were 65,515,000 kg CO2e, comprising 5,293,000 kg CO2e from Scope 1 (mobile combustion), 57,320,000 kg CO2e from Scope 2 (location-based purchased electricity), and 55,028,000 kg CO2e from Scope 3.

Looking back, in 2022, NAB's total emissions were 60,829,000 kg CO2e, with 4,582,000 kg CO2e in Scope 1 (mobile combustion), 69,015,000 kg CO2e in Scope 2 (location-based), and 43,020,000 kg CO2e in Scope 3. In 2021, total emissions were approximately 111,979,000 kg CO2e, including 8,948,000 kg CO2e in Scope 1 and 74,850,000 kg CO2e in Scope 2 (location-based).

NAB has set several climate targets. The company aims for a 51% reduction in Scope 1 and Scope 2 GHG emissions by 2025, from a 2015 baseline. This includes sourcing 100% of its energy from renewable sources by 2025. Additionally, NAB is working towards net-zero emissions by 2050 across all scopes. More specifically, the company has a sector target for thermal coal, aiming for a 100% reduction in emissions by 2030, against a 2021 baseline (Scope 3). A more recent target includes a 72% reduction in market-based Scope 1 and 2 emissions by 2030, from a 2022 baseline. Previously, a science-based target set in 2016 aimed to reduce GHG emissions by 21% by 30th June 2025, from a 2015 base year (Scope 1 and Scope 2).