Nab

Nab's reported carbon emissions

NAB's latest reported total carbon emissions for 2025 were approximately 83.2 million kg CO2e (Scope 1 and Scope 3). In 2024, total emissions were approximately 76.1 million kg CO2e, comprising 5.1 million kg CO2e from Scope 1 and 71 million kg CO2e from Scope 3. For 2023, NAB reported total emissions of approximately 65.5 million kg CO2e, with Scope 1 at 5.3 million kg CO2e, Scope 2 at 57.3 million kg CO2e, and Scope 3 at 55 million kg CO2e. NAB has established several climate commitments. These include a target to reduce GHG emissions by 51% by 2025 against a 2015 baseline, and to source 100% of their energy from renewable sources by 2025. They are also working towards achieving net zero emissions by 2050. Furthermore, NAB has set a sector target for thermal coal, aiming for a 100% reduction in emissions by 2030, based on a 2021 baseline. More recently, NAB Group has set a target for a 72% reduction in market-based Scope 1 and 2 emissions by 2030, compared to a 2022 baseline. NAB's reporting for Scope 1 and Scope 2 emissions is primarily based on its own operations, while Scope 3 emissions include various upstream categories such as purchased goods and services. It is noted that data for "scope_3/purchased_goods_and_services" is consistently listed as missing across several reporting years. NAB's climate data is not cascaded from a parent organisation, with performance and initiative sources originating from "National Australia Bank Limited."