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Financial Intermediation
CA
updated 17 days ago

National Bank Of Canada

Company website

The National Bank of Canada (Banque Nationale du Canada), headquartered in Montreal, Quebec, is a prominent player in the Canadian banking industry. Founded in 1859, it has established itself as a leading financial institution, primarily serving the provinces of Quebec and Ontario, while also expanding its reach across Canada. Specialising in personal and commercial banking, wealth management, and financial markets, the National Bank offers a diverse range of core products and services, including innovative digital banking solutions. Its commitment to customer service and community engagement sets it apart in a competitive landscape. With a strong market position, the National Bank of Canada has achieved notable milestones, including recognition for its sustainable practices and technological advancements. As a trusted financial partner, it continues to adapt to the evolving needs of its clients, ensuring a robust presence in the Canadian financial sector.

DitchCarbon Score

How does National Bank Of Canada'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.

40

Industry Average

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.

29

Industry Benchmark

National Bank Of Canada's score of 40 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.

61%

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National Bank Of Canada's reported carbon emissions

In 2023, the National Bank of Canada reported total carbon emissions of approximately 18,790,000 kg CO2e globally, with Scope 1 emissions at about 2,370,000 kg CO2e, Scope 2 emissions at around 13,491,000 kg CO2e, and Scope 3 emissions at approximately 5,664,000 kg CO2e. In the Palestinian region, the bank's emissions totalled about 1,879,000 kg CO2e, with Scope 1 emissions at approximately 62,000 kg CO2e and Scope 2 emissions at around 1,817,000 kg CO2e. Comparatively, in 2022, the bank's global emissions were about 17,994,000 kg CO2e, with Scope 1 at approximately 2,484,000 kg CO2e, Scope 2 at around 12,039,000 kg CO2e, and Scope 3 at about 3,471,000 kg CO2e. The Palestinian region's emissions for the same year were approximately 1,835,000 kg CO2e, with Scope 1 at about 43,000 kg CO2e and Scope 2 at around 1,793,000 kg CO2e. Despite these figures, the National Bank of Canada has not set specific reduction targets or initiatives as part of its climate commitments. The bank's emissions data is not cascaded from any parent organization, indicating that it operates independently in its reporting and climate strategies.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20192020202120222023
Scope 1
2,832,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
11,860,000
00,000,000
0,000,000
00,000,000
00,000,000
Scope 3
6,156,000
0,000,000
0,000,000
0,000,000
0,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. National Bank Of Canada's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for National Bank Of Canada is in CA, which has a very low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

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.

National Bank Of Canada is not participating in any 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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