Northern Trust

Northern Trust's reported carbon emissions

Northern Trust, a financial intermediation services company based in the US, has reported its greenhouse gas emissions for various years. For the year 2024, Northern Trust reported a total of approximately 73.6 billion kg CO2e, comprising Scope 1 emissions of about 4.7 billion kg CO2e, Scope 2 emissions of approximately 27.8 billion kg CO2e, and Scope 3 emissions of around 41.1 billion kg CO2e. In 2023, the company's total emissions were approximately 73.3 million kg CO2e. This included Scope 1 emissions of about 4.4 million kg CO2e, Scope 2 emissions of approximately 30.0 million kg CO2e, and Scope 3 emissions of around 38.9 million kg CO2e. Notably, within Scope 3, business travel accounted for approximately 11.4 million kg CO2e. In 2019, Northern Trust's total emissions were approximately 79.4 million kg CO2e, with Scope 1 at about 7.7 million kg CO2e, Scope 2 at approximately 35.1 million kg CO2e, and Scope 3 at around 36.5 million kg CO2e. The company's climate commitments include a net-zero target by 2050, and it is a signatory to the Business Ambition for 1.5°C campaign as of September 2022. Northern Trust is committed to achieving net-zero emissions, with a deadline of 24 months from the launch of the Financial Institutions Net-Zero Standard. While specific reduction targets are not detailed for all scopes, the company has been reporting emissions data for Scope 1, 2, and 3, with Scope 3 data being more comprehensive in recent years.