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Public Profile
Financial Intermediation
US
updated 10 days ago

Northern Trust

Company website

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.

48

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.

27

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.

71%

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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, when 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 global climate goals. The company is also a member of the Financial Institutions Net-Zero Standard, which further underscores its commitment to sustainable practices within the financial sector. Overall, Northern Trust's emissions data and climate commitments reflect a proactive approach to addressing climate change, with significant targets set for the future.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20222023
Scope 1
7,744,000
0,000,000
Scope 2
35,149,000
00,000,000
Scope 3
36,496,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Northern Trust's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Northern Trust is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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