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, with significant contributions from Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions were about 5,138,000 kg CO2e, while Scope 2 emissions totalled approximately 49,565,000 kg CO2e. Scope 3 emissions were notably high at around 71,840,000 kg CO2e. In 2023, NAB's total emissions were approximately 65,515,000 kg CO2e, indicating an increase in emissions year-on-year. NAB has set ambitious climate commitments, aiming to achieve a 51% reduction in greenhouse gas (GHG) emissions by 2025, based on a 2015 baseline. This target encompasses both Scope 1 and Scope 2 emissions, with a commitment to source 100% of its energy from renewable sources by the same year. Additionally, NAB has pledged to reach net zero emissions by 2050 and has established a sector target for thermal coal, aiming for a complete reduction in emissions by 2030 against a 2021 baseline. The organisation's emissions data is sourced directly from National Australia Bank Limited, with no cascaded data from a parent or related organisation. NAB's ongoing efforts reflect a commitment to sustainability and responsible environmental stewardship within the financial sector.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 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 | - | 00,000,000 | 0,000,000 | 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 | 00,000,000 |
| Scope 3 | 112,636,000 | 000,000,000 | - | 00,000,000 | 00,000,000 | 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.
