In 2024, National Australia Bank 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).
National Australia Bank has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 5,635a | 5,903a | 5,123b | |
Total Scope 2 | ||||
Market-Based | 2,567a | 7,451a | 16,399b | |
Location-Based | 49,565a | 57,320a | 69,015b | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 15,971,840a | 55,028a | 24,173,020b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.3951a | 0.4444a | 0.4366b |
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In 2024, the total operational greenhouse gas (GHG) emissions of National Australia Bank amounted to 55,200 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 National Australia Bank decreased by 12.69%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of National Australia Bank were 5,635 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, National Australia Bank's Scope 1 emissions have decreased by 70.66%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), National Australia Bank's Scope 1 emissions decreased by 4.54%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, National Australia Bank reported Scope 2 greenhouse gas (GHG) emissions of 2,567 tCO₂e using the market-based method and 49,565 tCO₂e using the location-based method.a
Compared to the previous year (2023), National Australia Bank's Scope 2 emissions (Location-Based) fell by 13.53% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, National Australia Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, National Australia Bank reported 15,971,840 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 National Australia Bank includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, National Australia Bank reported total Scope 3 emissions of 15,971,840 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, National Australia Bank's Scope 3 emissions have increased by 25,705.57%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), National Australia Bank's Scope 3 emissions increased by 28,924.93%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, National Australia Bank reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to National Australia Bank's Scope 3 emissions were:a
In 2024, National Australia Bank reported Scope 1 greenhouse gas (GHG) emissions of 5,635 tCO₂e and total revenues of USD 14,262 millions. This translates into an emissions intensity of 0.4 tCO₂e per millions USD.a
In 2024, National Australia Bank reported a Scope 1 emissions intensity of 0.4 tCO₂e per millions USD. Compared to the peer group median of 0.56, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, National Australia Bank ranked 8 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
National Australia Bank is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, National Australia Bank reported a total carbon footprint of 16,027,040 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13,453.41% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to National Australia Bank's total carbon footprint was Scope 3 emissions, accounting for 99.66% of the company's total carbon footprint, followed by Scope 2 emissions at 0.31%.a