Bank of New Zealand
Bank of New Zealand's GHG Emissions Data Preview
In 2024, Bank of New Zealand completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Bank of New Zealand has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
aVerified Sources Behind Bank of New Zealand’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Bank of New Zealand’s data sources below and access millions more through our Disclosure Search.
Insights into Bank of New Zealand's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Bank of New Zealand amounted to 2,439 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Bank of New Zealand increased by 2.26%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Bank of New Zealand's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Bank of New Zealand's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Bank of New Zealand were 1,605 metric tons of CO₂ equivalent (tCO₂e).a
Has Bank of New Zealand reduced its Scope 1 emissions over time?
Since 2019, Bank of New Zealand's Scope 1 emissions have decreased by 57.66%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Bank of New Zealand's Scope 1 emissions increased by 5.04%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Bank of New Zealand's Scope 2 emissions?
In 2024, Bank of New Zealand reported Scope 2 greenhouse gas (GHG) emissions of 834 tCO₂e without specifying the calculation method.a
Has Bank of New Zealand reduced its Scope 2 emissions over time?
Since 2019, Bank of New Zealand's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 48.26%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Bank of New Zealand's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Bank of New Zealand's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Bank of New Zealand use for Scope 2 reporting?
In 2024, Bank of New Zealand reported its Scope 2 emissions using an unspecified methodology.a
Bank of New Zealand's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Bank of New Zealand's Value Chain Emissions
In 2024, Bank of New Zealand reported 10,683,497.08 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Bank of New Zealand includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Bank of New Zealand's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Bank of New Zealand's Scope 3 emissions?
In 2024, Bank of New Zealand reported total Scope 3 emissions of 10,683,497.08 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.08% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.92% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Bank of New Zealand reduced its Scope 3 emissions over time?
Since 2019, Bank of New Zealand's Scope 3 emissions have increased by 137,965.35%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Bank of New Zealand's Scope 3 emissions remained relatively stable, indicating that Bank of New Zealand's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Bank of New Zealand disclose?
In 2024, Bank of New Zealand reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Bank of New Zealand's Scope 3 emissions?
In 2024, the largest contributors to Bank of New Zealand's Scope 3 emissions were:a
- Investments (Cat. 15): 10,674,450 tCO₂e (99.92%)
- Employee Commuting (Cat. 7): 4,351.76 tCO₂e (0.04%)
- Business Travel (Cat. 6): 2,863 tCO₂e (0.03%)
Bank of New Zealand's Scope 3 Emissions by Categories
Insights into Bank of New Zealand's Total Carbon Footprint
In 2024, Bank of New Zealand reported a total carbon footprint of 10,685,936.08 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.73% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Bank of New Zealand's total carbon footprint was Scope 3 emissions, accounting for 99.98% of the company's total carbon footprint, followed by Scope 1 emissions at 0.02%.a