The National Bank of Canada, often referred to as NBC, is a prominent player in the financial intermediation services sector, excluding insurance and pension funding. Headquartered in Montreal, Quebec, the bank has established a strong presence across various regions in Canada, serving both individual and business clients since its founding in 1859.
Specialising in a range of core products and services, including personal banking, commercial banking, and wealth management, NBC distinguishes itself through its commitment to customer service and innovative financial solutions. Over the years, the bank has achieved significant milestones, solidifying its market position as one of Canada's leading financial institutions. With a focus on community engagement and sustainable practices, the National Bank of Canada continues to evolve, meeting the diverse needs of its clientele while maintaining a strong reputation in the industry.
+8 vs industry average
National Bank Of Canada’s score of 43 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
National Bank Of Canada's reported carbon emissions
National Bank of Canada (CA), operating within the financial intermediation services industry (65), has reported a total of approximately 94.2 billion kg CO2e in emissions for 2024. This figure encompasses Scope 1, 2, and 3 emissions. Looking at historical data, the bank reported approximately 90.5 billion kg CO2e in 2023 and approximately 90.0 billion kg CO2e in 2022. In 2021, total emissions were approximately 14.0 billion kg CO2e, followed by approximately 17.0 billion kg CO2e in 2020 and approximately 20.8 billion kg CO2e in 2019. National Bank of Canada has committed to achieving net-zero emissions by 2050 for both its operational and financing activities, a commitment made in 2021 in alignment with the Paris Agreement.
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National Bank Of Canada’s Climate Goals (2030 & 2050)
1 goal2050
In 2021, in line with the targets of the Paris Agreement, th…
In 2021, in line with the targets of the Paris Agreement, the Bank committed to achieving net-zero by 2050 for its operational and financing…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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National Bank Of Canada
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