National Bank

National Bank's reported carbon emissions

In 2022, National Bank reported total carbon emissions of approximately 721,000 kg CO2e. This figure includes 42,000 kg CO2e from Scope 1 emissions and 679,000 kg CO2e from Scope 2 emissions. The bank has not disclosed any Scope 3 emissions data, indicating a gap in their reporting. Comparatively, in 2021, National Bank's total emissions were approximately 810,000 kg CO2e, with Scope 1 emissions at 39,000 kg CO2e and Scope 2 emissions at 771,000 kg CO2e. In 2020, the total emissions were approximately 682,000 kg CO2e, comprising 25,000 kg CO2e from Scope 1 and 657,000 kg CO2e from Scope 2. Despite these figures, National Bank has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The bank's emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely reflective of its own operations. Overall, while National Bank has made strides in emissions reporting, the lack of comprehensive Scope 3 data and formal reduction commitments highlights areas for potential improvement in their climate strategy.