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.
+32 vs industry average
Nab’s score of 67 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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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Nab's reported carbon emissions
In 2025, NAB reported total carbon emissions of approximately 78,259,000 kg CO2e, with Scope 1 emissions from mobile combustion at about 4,975,000 kg CO2e. The bank has set ambitious climate commitments, aiming for a 100% renewable energy sourcing by 2025 and a 51% reduction in greenhouse gas emissions across Scope 1 and Scope 2 by the same year. Additionally, NAB is working towards net zero emissions by 2050, supporting its customers in similar efforts. In 2024, NAB's emissions were approximately 71,006,000 kg CO2e, with Scope 1 emissions at about 5,138,000 kg CO2e. The bank's 2023 emissions totalled approximately 65,515,000 kg CO2e, comprising 5,293,000 kg CO2e from Scope 1 and 57,320,000 kg CO2e from Scope 2. The 2022 emissions were around 60,829,000 kg CO2e, with Scope 1 emissions at about 5,410,000 kg CO2e and Scope 2 emissions at approximately 69,015,000 kg CO2e. NAB has also established a sector target for thermal coal, aiming for a 100% reduction in emissions by 2030 from a 2021 baseline. Furthermore, the bank has set a new target for a 72% reduction in market-based Scope 1 and 2 emissions by 2030 from a 2022 baseline. These initiatives reflect NAB's commitment to addressing climate change and reducing its carbon footprint.
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Nab’s Climate Goals (2030 & 2050)
5 goals2025
21% reduction in Scope 1
Set a science-based GHG emission reduction target for our operations (our target was set in 2016), to reduce GHG emissions by 21% by 30th Ju…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Nab
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