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National Bank of Kuwait
The National Bank of Kuwait (NBK), established in 1952, stands as a leading financial institution in the Middle East, with its headquarters located in Kuwait City, KW. Renowned for its comprehensive banking services, NBK operates across various regions, including the Gulf Cooperation Council (GCC) and international markets, solidifying its presence in the global banking landscape. As a pioneer in the banking industry, NBK offers a diverse range of products and services, including retail banking, corporate finance, and investment solutions. Its commitment to innovation and customer service distinguishes it from competitors, making it a trusted choice for individuals and businesses alike. With a strong market position, NBK has received numerous accolades, reflecting its dedication to excellence and financial stability in the ever-evolving banking sector.
DitchCarbon Score
How does National Bank of Kuwait'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 Kuwait's score of 55 is higher than 74% 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 Kuwait's reported carbon emissions
In 2024, the National Bank of Kuwait (NBK) reported total carbon emissions of approximately 29,124,650 kg CO2e. This figure includes Scope 1 emissions of about 2,847,920 kg CO2e, primarily from mobile combustion (545,060 kg CO2e) and fugitive emissions (2,202,390 kg CO2e). Scope 2 emissions accounted for approximately 24,969,080 kg CO2e, all from purchased electricity. Additionally, Scope 3 emissions were reported at about 1,307,650 kg CO2e, with business travel contributing the largest share (1,287,210 kg CO2e). In 2023, NBK's total emissions were approximately 34,828,720 kg CO2e, with Scope 1 emissions at about 2,537,110 kg CO2e and Scope 2 emissions at approximately 31,072,160 kg CO2e. Scope 3 emissions for that year were around 1,219,450 kg CO2e. NBK has established ambitious interim targets to reduce gross operational emissions by 25% by 2025, with a notable achievement of a 28.3% reduction already realised compared to the 2021 baseline. This reduction applies to both Scope 1 and Scope 2 emissions, demonstrating the bank's commitment to sustainability and climate action. The bank's initiatives include significant investments in renewable energy projects, which have avoided approximately 672,080 kg CO2e annually, and green building projects, contributing to an additional avoidance of about 55,710 kg CO2e. These efforts reflect NBK's proactive approach to mitigating its environmental impact and enhancing its sustainability profile.
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| 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 34,000 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 18,472,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 661,000 | 000,000 | 000,000 | 00,000 | 000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
National Bank of Kuwait is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
