As of 2025, National Bank of Canada has disclosed 10 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 8 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 National Bank of Canada'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 - Business Travel (Cat. 6) | Metric Tonnes of CO2 equivalent (mtCO2e) | -25%a, b | 2025 |
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -42%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas Produced | -31%a, b | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas Produced | -31%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Feet (ft2) | -50%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced | -33%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced | -93%b | 2050 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas Produced | -74%b | 2050 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas Produced | -75%b | 2050 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Feet (ft2) | -97%b | 2050 |
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As of 2025, National Bank of Canada has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.ab
As of 2025, National Bank of Canada has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
National Bank of Canada's most ambitious operational target is to reduce these emissions by 42% by 2030, compared to a baseline of 12,112 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022.a
As of 2025, National Bank of Canada is ahead of schedule on its operational emissions reduction target, having achieved 69.31% of the planned reduction.a
As of 2025, National Bank of Canada 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.ab
National Bank of Canada's most ambitious value chain target is to reduce these emissions by 97.49% by 2050, compared to a baseline of 0.003 Metric Tonnes of CO2 equivalent (mtCO2e) per Square Feet (ft2) in 2019.ab
As of 2024, National Bank of Canada is ahead of schedule on its value chain emissions reduction target, having achieved 26.11% of the planned reduction.ab
As of 2025, National Bank of Canada has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.ab
National Bank of Canada's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 12,324 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019, by 25% by 2025.ab
As of 2025, National Bank of Canada is lagging behind on its total carbon footprint reduction target, having achieved 81.12% of the planned reduction.ab