Northern Trust Sustainability Profile
Northern Trust Corporation, commonly known as Northern Trust, is a leading financial services provider headquartered in the United States. Established in 1889, the firm has built a strong reputation in the wealth management, asset servicing, and banking sectors, with a significant presence in major operational regions including North America, Europe, and Asia. Northern Trust offers a range of core services, including investment management, fiduciary services, and private banking, distinguished by its commitment to client-centric solutions and innovative technology. The company has achieved notable milestones, such as being a pioneer in the development of trust services and maintaining a strong market position as a trusted partner for institutional investors and high-net-worth individuals. With a focus on sustainability and responsible investing, Northern Trust continues to set industry standards while delivering exceptional value to its clients.
DitchCarbon Score
How does Northern Trust'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
Northern Trust's score of 52 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Northern Trust's reported carbon emissions
In 2023, Northern Trust reported total carbon emissions of approximately 73,315,000 kg CO2e. This figure includes 4,391,000 kg CO2e from Scope 1 emissions, 29,982,000 kg CO2e from Scope 2 emissions, and 38,942,000 kg CO2e from Scope 3 emissions. This represents a reduction from 2022, where total emissions were about 79,389,000 kg CO2e, with Scope 1 at 7,744,000 kg CO2e, Scope 2 at 35,149,000 kg CO2e, and Scope 3 at 36,496,000 kg CO2e. Northern Trust has committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment aligns with the Science Based Targets initiative (SBTi), which Northern Trust joined, indicating its dedication to reducing its carbon footprint in line with climate science. The company has demonstrated a proactive approach to sustainability, with emissions data disclosed across all relevant scopes (1, 2, and 3). The reported emissions figures reflect a comprehensive understanding of its environmental impact, particularly in the financial services sector, where operational emissions can be significant. Overall, Northern Trust's emissions reduction efforts and long-term commitments position it as a responsible player in the financial industry, actively working towards a sustainable future.
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| 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,071,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 46,036,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 20,054,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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Northern Trust'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.
Northern Trust has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Northern Trust's sustainability data and climate commitments