National Bank of Kuwait

National Bank of Kuwait (NBK), headquartered in Kuwait, reported total carbon emissions of approximately 29,124,650 kg CO2e in 2024. This figure comprises 2,847,920 kg CO2e from Scope 1 emissions, 24,969,080 kg CO2e from Scope 2 emissions, and 1,307,650 kg CO2e from Scope 3 emissions.

In 2023, NBK's total emissions were approximately 34,828,720 kg CO2e, with Scope 1 at 2,537,110 kg CO2e, Scope 2 at 31,072,160 kg CO2e, and Scope 3 at 1,219,450 kg CO2e. For 2022, total emissions were around 37,161,880 kg CO2e, including 87,000 kg CO2e from Scope 1, 37,161,880 kg CO2e from Scope 2, and 646,070 kg CO2e from Scope 3. In 2021, total emissions stood at approximately 38,885,000 kg CO2e, with Scope 1 at 276,000 kg CO2e, Scope 2 at 38,522,000 kg CO2e, and Scope 3 at 2,510,810 kg CO2e.

NBK has committed to becoming carbon neutral by 2060, aligning with Kuwait's national target. The bank established interim targets to reduce gross operational emissions by 25% by 2025, using a 2023 baseline. NBK has successfully surpassed an interim target of a 25% reduction in operational emissions in Kuwait by 2025, achieving a 28.3% decrease compared to a 2021 baseline for Scope 1 and Scope 2 emissions. This achievement is part of broader efforts to increase dependency on renewable and clean energy solutions and transform local branches into eco-friendly facilities.