Bank of New Zealand
Bank of New Zealand's Climate Target Data Preview
As of 2024, Bank of New Zealand has disclosed 5 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 3 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Bank of New Zealand's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Downstream Transportation and Distribution (Cat. 9), Scope 3 - Waste Generated in Operations (Cat. 5) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2025 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Kilogram (kg) of Milk Sold/Delivered | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy/Paste is a PRO feature.  a | 2030 |
Verified Sources Behind Bank of New Zealand’s Climate Targets Data
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Insights into Bank of New Zealand's Greenhouse Gas Emissions Pathways
As of 2024, Bank of New Zealand has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.a
Does Bank of New Zealand have a target to reduce the emissions from its value chain?
As of 2024, Bank of New Zealand has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Bank of New Zealand's most ambitious value chain target is to reduce these emissions by 74% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2021.a
As of 2024, Bank of New Zealand is ahead of schedule on its value chain emissions reduction target, having achieved 42.08% of the planned reduction.a
Bank of New Zealand's Value Chain (Scope 3) Emissions Pathway
Does Bank of New Zealand have a target to reduce its total carbon footprint?
As of 2024, Bank of New Zealand has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
Bank of New Zealand's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 11,726 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019, by 60% by 2025.a
As of 2024, Bank of New Zealand is lagging behind on its total carbon footprint reduction target, having achieved 81% of the planned reduction.a