In 2024, Norion 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).
Norion Bank has also provided a category-level breakdown for 1 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 | 0.5a | 0.3a | 1.1a | |
Total Scope 2 | ||||
Market-Based | 19a | 25a | 52a | |
Location-Based | 15.2a | 21.8a | 17.7a | |
Total Scope 3 | 135,507.6a | 901.2a | 186.2a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0015a | 0.0008a | 0.0036a |
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 Norion Bank amounted to 15.7 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 Norion Bank decreased by 28.96%, 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 Norion Bank were 0.5 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Norion Bank's Scope 1 emissions have decreased by 54.55%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Norion Bank's Scope 1 emissions increased by 66.67%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Norion Bank reported Scope 2 greenhouse gas (GHG) emissions of 19 tCO₂e using the market-based method and 15.2 tCO₂e using the location-based method.a
Since 2022, Norion Bank's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 14.12%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Norion Bank's Scope 2 emissions (Location-Based) fell by 30.28% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Norion Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Norion Bank reported 135,507.6 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 Norion 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, Norion Bank reported total Scope 3 emissions of 135,507.6 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 2022, Norion Bank's Scope 3 emissions have increased by 72,675.3%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Norion Bank's Scope 3 emissions increased by 14,936.35%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Norion 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 Norion Bank's Scope 3 emissions were:a
In 2024, Norion Bank reported Scope 1 greenhouse gas (GHG) emissions of 0.5 tCO₂e and total revenues of USD 333 millions. This translates into an emissions intensity of 0 tCO₂e per millions USD.a
In 2024, Norion Bank reported a Scope 1 emissions intensity of 0 tCO₂e per millions USD. Compared to the peer group median of 0.36, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Norion Bank ranked 1 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Norion Bank among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Norion Bank reported a total carbon footprint of 135,523.3 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14,578.14% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Norion Bank's total carbon footprint was Scope 3 emissions, accounting for 99.99% of the company's total carbon footprint, followed by Scope 2 emissions at 0.01%.a