In 2024, NLB 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).
NLB 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 | 3,029a | 3,418a | 3,648a | |
Total Scope 2 | ||||
Market-Based | 10,718a | 11,822a | 13,145a | |
Location-Based | 17,127a | 20,320a | N/A | |
Total Scope 3 | 11,169,097a | 11,003,756a | 3,834a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.3384a | 2.8246a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of NLB amounted to 20,156 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 NLB decreased by 15.09%, 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 NLB were 3,029 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, NLB's Scope 1 emissions have decreased by 17.69%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), NLB's Scope 1 emissions decreased by 11.38%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, NLB reported Scope 2 greenhouse gas (GHG) emissions of 10,718 tCO₂e using the market-based method and 17,127 tCO₂e using the location-based method.a
Compared to the previous year (2023), NLB's Scope 2 emissions (Location-Based) fell by 15.71% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, NLB reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, NLB reported 11,169,097 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 NLB 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, NLB reported total Scope 3 emissions of 11,169,097 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.05% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.95% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, NLB's Scope 3 emissions have increased by 222,702.65%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), NLB's Scope 3 emissions remained relatively stable, indicating that NLB's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, NLB 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 NLB's Scope 3 emissions were:a
In 2024, NLB reported Scope 1 greenhouse gas (GHG) emissions of 3,029 tCO₂e and total revenues of USD 1,295 millions. This translates into an emissions intensity of 2.34 tCO₂e per millions USD.a
In 2024, NLB reported a Scope 1 emissions intensity of 2.34 tCO₂e per millions USD. Compared to the peer group median of 0.78, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, NLB ranked 24 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places NLB among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, NLB reported a total carbon footprint of 11,189,253 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.47% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to NLB's total carbon footprint was Scope 3 emissions, accounting for 99.82% of the company's total carbon footprint, followed by Scope 2 emissions at 0.15%.a