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 46 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Northern Trust's reported carbon emissions
In 2023, Northern Trust reported total carbon emissions of approximately 73,315,000 kg CO2e, comprising 4,391,000 kg CO2e from Scope 1, 29,982,000 kg CO2e from Scope 2, and 38,942,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting, as they disclose data across all three scopes. Over recent years, Northern Trust has made significant strides in reducing its carbon footprint. For instance, in 2022, their total emissions were about 79,389,000 kg CO2e, indicating a reduction in emissions in 2023. The company has set ambitious climate commitments, including a long-term target to achieve net-zero emissions by 2050, as part of their Science Based Targets initiative (SBTi) commitment. This aligns with their broader strategy to address climate change and enhance sustainability within the financial sector. Northern Trust's emissions per full-time equivalent (FTE) employee have also shown improvement, with a reported figure of approximately 3.17 kg CO2e per FTE in 2023. The company continues to focus on reducing its environmental impact through various initiatives, including enhancing energy efficiency and promoting sustainable practices across its operations.
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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 committed to some reduction initiatives 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.
