Nab
National Australia Bank (NAB) is a leading financial institution headquartered in Melbourne, Australia. Established in 1893, NAB has grown to become one of the largest banks in the country, serving millions of customers across Australia, New Zealand, and the UK. The bank operates primarily in the banking and financial services industry, offering a comprehensive range of products including personal banking, business banking, and wealth management services. NAB is renowned for its commitment to innovation and customer service, with unique offerings such as its digital banking solutions and tailored financial advice. The bank has achieved significant milestones, including its recognition as a top employer and its efforts in sustainability and community support. With a strong market position, NAB continues to be a trusted partner for individuals and businesses seeking reliable financial solutions.
DitchCarbon Score
How does Nab'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
Nab's score of 64 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nab's reported carbon emissions
In 2024, NAB reported total carbon emissions of approximately 76,837,000 kg CO2e, comprising 5,138,000 kg CO2e from Scope 1, 49,565,000 kg CO2e from Scope 2, and 71,840,000 kg CO2e from Scope 3 emissions. This marks an increase from 2023, where total emissions were about 65,515,000 kg CO2e, with Scope 1 emissions at 5,293,000 kg CO2e, Scope 2 at 57,320,000 kg CO2e, and Scope 3 at 55,028,000 kg CO2e. NAB has set ambitious climate commitments, aiming for a 51% reduction in greenhouse gas (GHG) emissions by 2025, with a target to source 100% of its energy from renewable sources by the same year. Additionally, the bank is working towards achieving net zero emissions by 2050. For Scope 3 emissions, NAB has committed to a 100% reduction in emissions from thermal coal by 2030, using 2021 as the baseline. The bank's reduction targets are supported by a science-based approach, with specific goals for both Scope 1 and Scope 2 emissions, aiming for a 21% reduction by 2025 from a 2015 baseline. These initiatives reflect NAB's commitment to sustainability and its role in supporting customers in their own climate efforts.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 20,848,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 177,540,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 112,636,000 | 000,000,000 | - | 000,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 0,000 | 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.
Nab 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.
