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 71% 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 is aligned 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 also been proactive in its emissions reporting, disclosing data across all three scopes (1, 2, and 3) and demonstrating transparency in its sustainability efforts. The emissions data is not cascaded from any parent organization, as Northern Trust Corporation is the source of its own emissions reporting. Overall, Northern Trust's climate commitments and recent emissions data reflect a significant focus on sustainability and a proactive approach to addressing climate change within the financial services sector.
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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 |
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.
