National Bank of Kuwait

National Bank of Kuwait (NBK) reported total carbon emissions of approximately 29,124,650 kg CO2e for 2024. This figure comprises Scope 1 emissions of 2,847,920 kg CO2e, Scope 2 emissions of 24,969,080 kg CO2e, and Scope 3 emissions of 1,307,650 kg CO2e. In 2023, NBK's total emissions were approximately 34,828,720 kg CO2e, including Scope 1 emissions of 2,537,110 kg CO2e, Scope 2 emissions of 31,072,160 kg CO2e, and Scope 3 emissions of 1,219,450 kg CO2e. Looking further back, 2022 saw total emissions of about 37,161,880 kg CO2e, with Scope 1 at 87,000 kg CO2e, Scope 2 at 37,161,880 kg CO2e, and Scope 3 at 646,070 kg CO2e. In 2021, total emissions were around 38,885,000 kg CO2e, including Scope 1 emissions of 276,000 kg CO2e, Scope 2 emissions of 38,522,000 kg CO2e, and Scope 3 emissions of 2,510,810 kg CO2e.

NBK has committed to achieving carbon neutrality by 2060, aligning with the State of Kuwait's national pledge. The bank had established an interim target to reduce gross operational Scope 1 and Scope 2 emissions by 25% by 2025, using a 2021 baseline. As of 2024, NBK has surpassed this interim target, achieving a 28.3% decrease in operational emissions in Kuwait.