Nations Trust Bank PLC
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 26 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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Nations Trust Bank PLC's reported carbon emissions
In 2022, Nations Trust Bank PLC reported total carbon emissions of approximately 2,873,000 kg CO2e, comprising 235,000 kg CO2e from Scope 1, 1,634,000 kg CO2e from Scope 2, and 873,000 kg CO2e from Scope 3 emissions. This marked a slight decrease in emissions compared to previous years, reflecting the bank's ongoing commitment to reducing its carbon footprint. In 2021, the bank's emissions were about 2,942,000 kg CO2e, with Scope 1 emissions at 131,000 kg CO2e, Scope 2 at 1,359,000 kg CO2e, and Scope 3 at 876,000 kg CO2e. The trend shows a gradual reduction in emissions over the years, with 2020 emissions recorded at approximately 2,267,000 kg CO2e. Despite these reductions, Nations Trust Bank has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data indicates a focus on improving operational efficiency and reducing energy consumption, but further details on formal commitments or future targets remain unspecified. Overall, Nations Trust Bank PLC is making strides in managing its carbon emissions, aligning with industry standards for climate responsibility, while continuing to seek opportunities for further reductions.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 183,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 1,781,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,127,000 | 000,000 | 000,000 | 000,000 | 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.
Nations Trust Bank PLC is not participating in any of the initiatives that 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.
