Nanto Bank Sustainability Profile
Nanto Bank, officially known as Nanto Shinkin Bank, is a prominent financial institution headquartered in Japan. Established in 1951, the bank has grown to serve a diverse clientele across major operational regions, including the Toyama and Ishikawa prefectures. As a key player in the banking industry, Nanto Bank focuses on retail banking, corporate finance, and investment services, offering a range of unique products tailored to meet the needs of individuals and businesses alike. With a commitment to community development and customer satisfaction, Nanto Bank has achieved notable milestones, including recognition for its innovative financial solutions. Its core offerings, such as personal loans, savings accounts, and business financing, are designed to provide exceptional value and support to its customers. As a trusted financial partner, Nanto Bank continues to strengthen its market position through a dedication to service excellence and sustainable growth.
DitchCarbon Score
How does Nanto Bank'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
Nanto Bank's score of 45 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nanto Bank's reported carbon emissions
In 2023, Nanto Bank reported total carbon emissions of approximately 5,164,000 kg CO2e. This figure includes 1,410,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 3,755,000 kg CO2e from Scope 2 emissions, primarily related to purchased electricity. Notably, Scope 3 emissions were significantly higher, amounting to about 8,897,125,000 kg CO2e, with the majority stemming from investments (approximately 8,895,074,000 kg CO2e) and employee commuting (about 1,965,000 kg CO2e). Comparatively, in 2022, Nanto Bank's total emissions were around 5,091,000 kg CO2e, with Scope 1 emissions at 1,517,000 kg CO2e and Scope 2 emissions at 3,574,000 kg CO2e. The Scope 3 emissions for that year were approximately 2,311,000 kg CO2e. Nanto Bank has set ambitious reduction targets, aiming for a 30% reduction in both Scope 1 and Scope 2 emissions by 2030, using FY2013 as the baseline year. This commitment reflects the bank's proactive approach to mitigating its carbon footprint and aligns with industry standards for climate action. The emissions data is not cascaded from any parent organization, indicating that Nanto Bank independently reports its carbon emissions and climate commitments.
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| 2013 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,341,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000,000 |
How Carbon Intensive is Nanto Bank's Industry?
How Carbon Intensive is Nanto Bank's Location?
Nanto Bank's Scope 3 Categories Breakdown
Nanto Bank's Scope 3 emissions, which increased significantly last year and increased significantly since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Nanto Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Nanto Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
