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OrganisationsNational Bank of Kuwait
National Bank of Kuwait logo

National Bank of Kuwait

Financial IntermediationKuwait
Last verified 2 months agonbk.com

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.

48
DitchCarbon score

+13 vs industry average

National Bank of Kuwait’s score of 48 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.062
20192025

The Financial Intermediation industry has increased its overall emissions by 11% since 2019

Emissions trajectory 2020 – 2027

00.0M00.0M00.0M00.0M0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

National Bank of Kuwait's reported carbon emissions

National Bank of Kuwait (NBK), headquartered in Kuwait, has reported a total of approximately 29.1 billion kg CO2e for 2024. This includes Scope 1 emissions of about 2.8 million kg CO2e and Scope 2 emissions of approximately 25.0 million kg CO2e, primarily from purchased electricity. Scope 3 emissions for the same year amounted to approximately 1.3 million kg CO2e, largely attributed to business travel and waste generated in operations. In 2023, NBK's total emissions were approximately 34.8 billion kg CO2e, with Scope 1 at around 2.5 million kg CO2e and Scope 2 at approximately 31.1 million kg CO2e. Scope 3 emissions for 2023 were about 1.2 million kg CO2e. NBK is committed to reducing its environmental impact. The bank has established interim targets to reduce gross operational emissions by 25% by 2025. Notably, NBK has successfully surpassed this target in Kuwait, achieving a 28.3% decrease in operational emissions by 2024 compared to a 2021 baseline. Furthermore, NBK is committed to becoming carbon neutral by 2060, aligning with the State of Kuwait's pledge. This long-term goal is supported by initiatives such as increasing dependency on renewable and clean energy solutions and transforming local branches into eco-friendly facilities.

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National Bank of Kuwait’s Climate Goals (2030 & 2050)

4 goals

2025

28.3% reduction in Scope 2

NBK has successfully surpassed its interim target of a 25% reduction in operational emissions in Kuwait by 2025, achieving a 28.3% decrease…

On track28.3%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

2 of 15 categories disclosed
Business Travel98%
Waste Generated in Operations2%
Business Travel98%
Waste Generated in Operations2%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Not active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
National Bank of Kuwait logoNational Bank of Kuwait
KWFinancial Intermediation
2 months ago
48
Hsbc Holdings logoHsbc Holdings
GBCommercial Banking
2 days ago
100
View
Standard Chartered PLC logoStandard Chartered PLC
GBFinancial Intermediation
26 days ago
100
View
Bank Of America logoBank Of America
USFinancial Intermediation
1 day ago
70
View
Citi logoCiti
USInvestment Banking and Securities Dealing
3 days ago
60
View
First Abu Dhabi Bank logoFirst Abu Dhabi Bank
AEFinancial Intermediation
7 days ago
54
View
Emirates Nbd logoEmirates Nbd
AEFinancial Intermediation
2 days ago
52
View

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Ditchcarbonv260319.2
[email protected]+44 203 475 7875

Ditch Carbon Ltd

167-169 Great Portland Street

London W1W 5PF

Platform

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Resources

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Use Case

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  • Company Emissions Data for Financial Services
  • Emissions Reporting
  • Sustainable Sourcing: A Strategy for Decarbonisation
  • Smarter Supplier Engagement: Reduce Burden, Drive Decarbonisation
  • SBTi-Aligned Baselining

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