Nations Trust Bank PLC Sustainability Profile
Nations Trust Bank PLC, a prominent financial institution headquartered in Sri Lanka (LK), has been a key player in the banking sector since its establishment in 1999. With a strong presence across major operational regions in Sri Lanka, the bank offers a diverse range of services, including retail banking, corporate banking, and wealth management. Renowned for its innovative banking solutions, Nations Trust Bank provides unique products such as the popular "Nations Trust Bank Credit Card" and tailored investment services that cater to the evolving needs of its customers. The bank has consistently achieved significant milestones, positioning itself as a trusted partner in financial services. With a commitment to excellence and customer satisfaction, Nations Trust Bank continues to strengthen its market position, making it a leading choice for individuals and businesses alike in the competitive banking landscape.
DitchCarbon Score
How does Nations Trust Bank PLC'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
Nations Trust Bank PLC's score of 33 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nations Trust Bank PLC's reported carbon emissions
In 2024, Nations Trust Bank PLC reported total carbon emissions of approximately 2,765,000 kg CO2e, comprising 66,000 kg CO2e from Scope 1 and about 2,699,000 kg CO2e from Scope 2 emissions. This reflects a slight increase in Scope 1 emissions from 76,000 kg CO2e in 2023, while Scope 2 emissions decreased from approximately 2,549,000 kg CO2e in the same year. The bank has set ambitious reduction targets, aiming for a 10% decrease in Scope 1 emissions from the 2023 baseline of 76,000 kg CO2e by 2025. Additionally, it plans to reduce Scope 2 emissions by 5% from the 2023 baseline by the same year. These commitments demonstrate Nations Trust Bank's proactive approach to mitigating its carbon footprint and addressing climate change. As of now, there is no reported data on Scope 3 emissions, indicating a potential area for future focus. The bank's emissions data is not cascaded from any parent organization, ensuring that its climate commitments are independently established.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 76,000 | 00,000 |
| Scope 2 | 2,549,000 | 0,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Nations Trust Bank PLC's Industry?
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Nations Trust Bank PLC'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.
Nations Trust Bank PLC 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.
