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 35 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
National Bank of Kuwait's reported carbon emissions
In 2023, the National Bank of Kuwait (NBK) reported total carbon emissions of approximately 4,624,880 kg CO2e. This figure includes Scope 1 emissions of about 15,380 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 3,121,190 kg CO2e, all from purchased electricity. Additionally, Scope 3 emissions were significant, totalling around 1,488,300 kg CO2e, with notable contributions from purchased goods and services. Over the years, NBK's emissions have fluctuated, with a total of about 19,167,000 kg CO2e in 2017, which included Scope 1 emissions of 34,000 kg CO2e, Scope 2 emissions of 18,472,000 kg CO2e, and Scope 3 emissions of 661,000 kg CO2e. By 2022, total emissions had decreased to approximately 4,291,650 kg CO2e, indicating a trend towards lower emissions. Despite these figures, NBK has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's emissions intensity per employee has been reported, with values such as 15,850 kg CO2e in 2022, reflecting their operational efficiency in relation to carbon output. Overall, while NBK has made strides in reducing its carbon footprint, the lack of formal reduction commitments suggests an opportunity for further engagement in climate action and sustainability initiatives.
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Add to project| 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 34,000 | 000,000 | 000,000 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 18,472,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 661,000 | 000,000 | 000,000 | 00,000 | 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 committed to any reduction initiatives 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.
