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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.
56
DitchCarbon score
+19 vs industry average
National Bank Of Canada’s score of 56 is higher than 70% 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
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
National Bank Of Canada's reported carbon emissions
National Bank of Canada, a Canadian financial intermediation services provider, reported total carbon emissions of approximately 61.2 million kg CO2e in 2024. This figure comprises about 2.64 million kg CO2e from Scope 1 emissions, 4.174 million kg CO2e from Scope 2 emissions, and approximately 54.411 million kg CO2e from Scope 3 emissions. Notably, Scope 3 emissions for 2024 include roughly 33.619 million kg CO2e from purchased goods and services, 9.049 million kg CO2e from fuel and energy-related activities, and 4.109 million kg CO2e each from business travel and employee commuting.
Looking back, the bank's total emissions in 2023 were approximately 52.6 million kg CO2e, consisting of about 2.201 million kg CO2e from Scope 1, 3.649 million kg CO2e from Scope 2, and 47.665 million kg CO2e from Scope 3. In 2022, total emissions were around 15.9 million kg CO2e, with 2.032 million kg CO2e from Scope 1, 4.212 million kg CO2e from Scope 2, and 2.752 million kg CO2e from Scope 3.
National Bank of Canada has committed to achieving net-zero emissions by 2050 across its operational and financing activities. This long-term commitment, made in 2021, aligns with the targets of the Paris Agreement. The emissions data and climate commitments are directly reported by National Bank of Canada.
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National Bank Of Canada’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
National Bank Of Canada9 days ago
56
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