National Bank of Canada
National Bank of Canada's GHG Emissions Data Preview
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 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind National Bank of Canada’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 National Bank of Canada’s data sources below and access millions more through our Disclosure Search.
Insights into National Bank of Canada's Operational Emissions
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
National Bank of Canada's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are National Bank of Canada's Scope 1 emissions?
In 2024, the total Scope 1 emissions of National Bank of Canada were 2,640 metric tons of CO₂ equivalent (tCO₂e). a
Has National Bank of Canada reduced its Scope 1 emissions over time?
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
What are National Bank of Canada's Scope 2 emissions?
In 2024, National Bank of Canada reported Scope 2 greenhouse gas (GHG) emissions of 13,422 tCO₂e using the location-based method. a
Has National Bank of Canada reduced its Scope 2 emissions over time?
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
What methodology does National Bank of Canada use for Scope 2 reporting?
In 2024, National Bank of Canada reported its Scope 2 emissions using the location-based method. a
National Bank of Canada's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into National Bank of Canada's Value Chain Emissions
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
National Bank of Canada's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are National Bank of Canada's Scope 3 emissions?
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
Has National Bank of Canada reduced its Scope 3 emissions over time?
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
What categories of Scope 3 emissions does National Bank of Canada disclose?
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.
What are the main sources of National Bank of Canada's Scope 3 emissions?
In 2024, the largest contributors to National Bank of Canada's Scope 3 emissions were: a
- Investments (Cat. 15): 6,540,000 tCO₂e (99.23%)
- Purchased Goods and Services (Cat. 1): 33,619 tCO₂e (0.51%)
- Fuel- and Energy-Related Services (Cat. 3): 9,049 tCO₂e (0.14%)
National Bank of Canada's Scope 3 Emissions by Categories
Insights into National Bank of Canada’s GHG Emissions Intensity Compared to Industry Peers
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
National Bank of Canada's Scope 1 Emissions Intensity Compared to Peers
How does National Bank of Canada's GHG emissions intensity compare to its peers?
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 0.57 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does National Bank of Canada rank on GHG emissions intensity within its industry?
In 2024, National Bank of Canada ranked 6 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
National Bank of Canada is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into National Bank of Canada's Total Carbon Footprint
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