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 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 (market-based), and Scope 3 emissions totalling around 38,942,000 kg CO2e. Over the years, Northern Trust has demonstrated a commitment to reducing its carbon footprint. The company has set a long-term net-zero target, aiming for significant reductions across all scopes by 2050. This commitment aligns with the Science Based Targets initiative (SBTi), which Northern Trust joined, indicating its dedication to climate action within the financial sector. In recent years, Northern Trust has made strides in emissions management, with a notable decrease in emissions per full-time employee (FTE). For instance, in 2022, the total emissions per FTE were reported at approximately 3.33 kg CO2e, reflecting ongoing efforts to enhance operational efficiency and sustainability. As a financial institution headquartered in the US, Northern Trust is actively working towards integrating sustainable practices into its operations, contributing to broader industry efforts to combat climate change.
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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 not participating in any 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.
