National Bank Of Canada Sustainability Profile
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.
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.
Industry Benchmark
National Bank Of Canada's score of 40 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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National Bank Of Canada's reported carbon emissions
In 2023, the National Bank of Canada reported total carbon emissions of approximately 21,392,000 kg CO2e. This figure includes Scope 1 emissions of about 2,237,000 kg CO2e, Scope 2 emissions of approximately 13,491,000 kg CO2e, and Scope 3 emissions of around 5,664,000 kg CO2e. The bank's emissions have shown a slight increase from 2022, when total emissions were approximately 17,994,000 kg CO2e. The National Bank of Canada has not set specific reduction targets or initiatives as part of its climate commitments, and there are no disclosed SBTi (Science Based Targets initiative) reduction targets. The bank's emissions data is not cascaded from a parent organization, indicating that it operates independently in its reporting. Overall, the National Bank of Canada is actively monitoring its carbon footprint across all scopes, but further commitments and reduction strategies may be necessary to align with global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| 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 |
How Carbon Intensive is National Bank Of Canada's Industry?
How Carbon Intensive is National Bank Of Canada's Location?
National Bank Of Canada's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
National Bank Of Canada has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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