National Bank Of Canada

National Bank of Canada, a financial intermediary based in Canada, is committed to achieving net-zero emissions by 2050 for its operational and financing activities, aligning with the Paris Agreement.

For the 2024 reporting year, the bank reported total emissions of approximately 9.4 million kg CO2e. This figure is comprised of approximately 2.6 million kg CO2e for Scope 1, approximately 4.2 million kg CO2e for Scope 2, and approximately 54.4 million kg CO2e for Scope 3. Key contributors to Scope 3 emissions include purchased goods and services (about 33.6 million kg CO2e), fuel and energy-related activities (about 9 million kg CO2e), and business travel and employee commute (each around 4.1 million kg CO2e).

In the preceding year, 2023, total emissions were approximately 9 million kg CO2e. Scope 1 accounted for about 2.2 million kg CO2e, Scope 2 for roughly 3.6 million kg CO2e, and Scope 3 for approximately 47.7 million kg CO2e. For 2022, total emissions were around 9 million kg CO2e, with Scope 1 at approximately 2 million kg CO2e, Scope 2 at about 4.2 million kg CO2e, and Scope 3 at approximately 2.8 million kg CO2e.

Earlier reporting years show varying total emissions: 13.9 million kg CO2e in 2021, 17 million kg CO2e in 2020, and 20.8 million kg CO2e in 2019. While Scope 1 and Scope 2 emissions have shown a general decreasing trend over the years, Scope 3 emissions have fluctuated.

The bank's commitment to net-zero by 2050 is its primary long-term reduction target.