In 2024, National Bank of Canada 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 Bank of Canada has also provided a category-level breakdown for 6 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 | 2,640a | 2,237a | 2,484b | |
Total Scope 2 | ||||
Location-Based | 13,422a | 13,491a | 12,039c | |
Total Scope 3 | 6,590,843a | 13,144,594a | 830,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.3222a | 0.3087a | 0.3519b |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
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.
In 2024, the total operational greenhouse gas (GHG) emissions of National Bank of Canada amounted to 16,062 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 Bank of Canada increased by 2.12%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of National Bank of Canada were 2,640 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, National Bank of Canada's Scope 1 emissions have decreased by 6.78%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), National Bank of Canada's Scope 1 emissions increased by 18.02%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, National Bank of Canada reported Scope 2 greenhouse gas (GHG) emissions of 13,422 tCO₂e using the location-based method.a
Since 2019, National Bank of Canada's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 13.17%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), National Bank of Canada's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that National Bank of Canada's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, National Bank of Canada reported its Scope 2 emissions using the location-based method.a
In 2024, National Bank of Canada reported 6,590,843 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 Bank of Canada includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, National Bank of Canada reported total Scope 3 emissions of 6,590,843 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.77% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.23% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, National Bank of Canada's Scope 3 emissions have decreased by 48.23%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), National Bank of Canada's Scope 3 emissions decreased by 49.86%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, National Bank of Canada reported emissions for 6 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.
In 2024, the largest contributors to National Bank of Canada's Scope 3 emissions were:a
In 2024, National Bank of Canada reported Scope 1 greenhouse gas (GHG) emissions of 2,640 tCO₂e and total revenues of USD 8,194 millions. This translates into an emissions intensity of 0.32 tCO₂e per millions USD.a
In 2024, National Bank of Canada reported a Scope 1 emissions intensity of 0.32 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 Bank of Canada ranked 5 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places National Bank of Canada among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, National Bank of Canada reported a total carbon footprint of 6,606,905 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 49.8% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to National Bank of Canada's total carbon footprint was Scope 3 emissions, accounting for 99.76% of the company's total carbon footprint, followed by Scope 2 emissions at 0.2%.a