Northern Trust
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 48 is higher than 95% 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 Scope 1 emissions of about 4,391,000 kg CO2e, Scope 2 emissions of approximately 29,982,000 kg CO2e, and significant Scope 3 emissions totalling around 38,942,000 kg CO2e. Notably, the company has made commitments to achieve net-zero emissions by 2050, aligning with the Science Based Targets initiative (SBTi). In comparison, their 2020 emissions were about 74,230,000 kg CO2e, indicating a slight reduction over the years. The breakdown for 2020 included Scope 1 emissions of approximately 7,423,000 kg CO2e, Scope 2 emissions of about 24,151,000 kg CO2e, and Scope 3 emissions of around 35,410,000 kg CO2e from business travel alone. Northern Trust is actively working towards its climate commitments, having joined the BA1.5 initiative, which aims for a more ambitious reduction pathway. The company is focused on reducing its carbon footprint across all scopes, with a long-term target set for 2050 to achieve net-zero emissions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 7,774,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 35,149,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 36,496,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Northern Trust is participating in some 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.
