National Bank of Kuwait Sustainability Profile
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 61 is higher than 77% 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, with Scope 1 emissions at about 2,847,920 kg CO2e and Scope 2 emissions at approximately 24,969,080 kg CO2e. The bank also disclosed Scope 3 emissions of around 1,307,650 kg CO2e, primarily from business travel and waste generated in operations. For 2023, NBK's emissions were significantly lower, totalling about 15,0110 kg CO2e, with Scope 1 emissions from stationary combustion at approximately 41,260 kg CO2e and Scope 2 emissions at about 108,590 kg CO2e. In Egypt, the bank reported emissions of approximately 4,167,400 kg CO2e for the same year. 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 climate action and sustainability. The bank's initiatives include significant investments in renewable energy projects, which have avoided approximately 672,080 kg CO2e in emissions 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 aligning with global climate commitments.
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| 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000 | 000,000 | 000,000 | 000,000 | 00,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 17,640,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000 | 000,000 | 000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is National Bank of Kuwait's Industry?
How Carbon Intensive is National Bank of Kuwait's Location?
National Bank of Kuwait's Scope 3 Categories Breakdown
National Bank of Kuwait's Scope 3 emissions, which increased by 7% last year and increased by approximately 98% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 4% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 98% of Scope 3 emissions.
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National Bank of Kuwait'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 Kuwait 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.
