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Public Profile
Financial Intermediation
KW
updated 21 days ago

National Bank of Kuwait Sustainability Profile

Company website

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.

58

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.

29

Industry Benchmark

National Bank of Kuwait's score of 58 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.

76%

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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, comprising 2,847,920 kg CO2e from Scope 1, 24,969,080 kg CO2e from Scope 2, and 1,307,650 kg CO2e from Scope 3 emissions. The bank has established interim targets to reduce gross operational emissions by 25% by 2025, with a notable achievement of a 28.3% reduction in operational emissions in Kuwait compared to the 2021 baseline, as reported in 2024. In 2023, NBK's emissions totalled about 4,167,400 kg CO2e, with Scope 1 emissions at 952,500 kg CO2e and Scope 2 emissions at 3,214,900 kg CO2e. The bank's commitment to sustainability is further demonstrated through its initiatives in renewable energy and green building projects, which have avoided approximately 672,080 kg CO2e from renewable energy projects and 55,710 kg CO2e from green building projects. NBK's emissions data is sourced directly from the National Bank of Kuwait S.A.K.P., with no cascaded data from a parent organization. The bank continues to focus on reducing its carbon footprint and enhancing its sustainability practices in alignment with industry standards.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20162017201820192021202220232024
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?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. National Bank of Kuwait's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is National Bank of Kuwait's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for National Bank of Kuwait is in KW, which has a medium grid carbon intensity relative to other regions.

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.

Top Scope 3 Categories

2024
Business Travel
98%
Waste Generated in Operations
2%

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare National Bank of Kuwait's Emissions with Industry Peers

Arab Bank Group

JO
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

Al Rajhi Bank

SA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

JPMorgan Chase & Co

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 4 days ago

Citi

US
•
Services auxiliary to financial intermediation (67)
Updated 20 days ago

First Abu Dhabi Bank

AE
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 19 hours ago

Hsbc Holdings

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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