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 2,237,000 kg CO2e from Scope 1 emissions, 13,491,000 kg CO2e from Scope 2 emissions, and 5,664,000 kg CO2e from Scope 3 emissions. The bank's emissions have shown a notable increase from 2022, when total emissions were about 17,994,000 kg CO2e, with Scope 1, 2, and 3 emissions at 2,484,000 kg CO2e, 12,039,000 kg CO2e, and 3,471,000 kg CO2e, respectively. The National Bank of Canada has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments. There are no emissions reduction targets reported under the Science Based Targets initiative (SBTi) or other frameworks. The bank's emissions data is not cascaded from any parent organization, indicating that it operates independently in its reporting and climate strategy. Overall, the National Bank of Canada is actively monitoring its carbon footprint across all scopes, but further details on specific reduction strategies or commitments are currently unavailable.
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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.
