Northern Trust Corp

Common Name
Northern Trust
Country
United States
Sector
Financial Services
Industry
Asset Management
Employees
23,400
Ticker
NTRS
Exchange
NASDAQ/NGS
Description
Northern Trust Corporation is a leading financial services company specializing in investment management, asset and fund administration, fiduciary services, and banking solutions. Established in 1889 ...

Northern Trust's GHG Emissions Data Preview

In 2024, Northern Trust completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 3 (indirect emissions across the value chain).

Northern Trust has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Total Scope 2
Market-Based
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Location-Based
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Total Scope 3
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Download Data

Verified Sources Behind Northern Trust’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 Northern Trust’s data sources below and access millions more through our Disclosure Search.

a. Northern Trust's GRI index 2024
a. Northern Trust's GRI index 2024
b. Northern Trust's Verification report 2021
b. Northern Trust's Verification report 2021
c. Northern Trust's Climate Change Strategy Report 2020
c. Northern Trust's Climate Change Strategy Report 2020

Insights into Northern Trust's Operational Emissions

No operational GHG emissions data disclosed for Northern Trust in 2024.

Compared to 2021, the total operational greenhouse gas (GHG) emissions of Northern Trust decreased by 100%, showing that the company has made progress in taking action to reduce the climate impact of its operations. b

Insights into Northern Trust's Value Chain Emissions

In 2024, Northern Trust reported 614 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 Northern Trust includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, down from 3 in 2021, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

Northern Trust's Scope 3 Emissions Over Time

20182019202020212024015 k30 k45 k60 ktCO2e+134%+2%-93%-81%
  • Total Scope 3
  • Year-over-Year Change

What are Northern Trust's Scope 3 emissions?

In 2024, Northern Trust reported total Scope 3 emissions of 614 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Northern Trust reduced its Scope 3 emissions over time?

Since 2018, Northern Trust's Scope 3 emissions have decreased by 96.82%, reflecting a declining long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2021), Northern Trust's Scope 3 emissions decreased by 80.81%, highlighting the company's efforts to lower indirect emissions from its value chain. a b

What categories of Scope 3 emissions does Northern Trust disclose?

In 2024, Northern Trust 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.

What are the main sources of Northern Trust's Scope 3 emissions?

In 2024, the largest contributors to Northern Trust's Scope 3 emissions were: a

  • Waste Generated in Operations (Cat. 5): 614 tCO₂e (100%)

Northern Trust's Scope 3 Emissions by Categories

Waste Generated inOperations (Cat. 5)(100.0%)

Insights into Northern Trust’s GHG Emissions Intensity Compared to Industry Peers

In 2021, Northern Trust reported Scope 1 greenhouse gas (GHG) emissions of 1,797 tCO₂e and total revenues of USD 6,464 millions. This translates into an emissions intensity of 0.28 tCO₂e per millions USD. b

Northern Trust's Scope 1 Emissions Intensity Compared to Peers

5505005,000100,000Scope 1 Emissions (tCO2e)1005002,00020,00050,000Revenues (Millions of USD)ATEAAres ManagementYear: 2023Scope 1: 47 tCO2eRevenue: $M 5,000Scope 1 Intensity: 0.01 tCO2e/$MBlue Owl CapitalYear: 2024Scope 1: 6 tCO2eRevenue: $M 2,308Scope 1 Intensity: 0.00 tCO2e/$MInvescoYear: 2024Scope 1: 585 tCO2eRevenue: $M 6,068Scope 1 Intensity: 0.10 tCO2e/$MPrincipal Financial GroupYear: 2024Scope 1: 5,015 tCO2eRevenue: $M 16,130Scope 1 Intensity: 0.31 tCO2e/$MAAArtisan PartnersYear: 2024Scope 1: 106 tCO2eRevenue: $M 1,112Scope 1 Intensity: 0.10 tCO2e/$MSEI InvestmentsYear: 2023Scope 1: 117 tCO2eRevenue: $M 1,921Scope 1 Intensity: 0.06 tCO2e/$MTTTPGYear: 2023Scope 1: 287 tCO2eRevenue: $M 1,817Scope 1 Intensity: 0.16 tCO2e/$MApollo Global ManagementYear: 2024Scope 1: 1,231 tCO2eRevenue: $M 26,136Scope 1 Intensity: 0.05 tCO2e/$MCarlyle GroupYear: 2024Scope 1: 975 tCO2eRevenue: $M 3,402Scope 1 Intensity: 0.29 tCO2e/$MEEEquitable HoldingsYear: 2024Scope 1: 1,548 tCO2eRevenue: $M 12,434Scope 1 Intensity: 0.12 tCO2e/$MKKR & CoYear: 2022Scope 1: 786 tCO2eRevenue: $M 5,567Scope 1 Intensity: 0.14 tCO2e/$MRaymond James FinancialYear: 2022Scope 1: 392 tCO2eRevenue: $M 10,859Scope 1 Intensity: 0.04 tCO2e/$MAAAllianceBernstein HoldingYear: 2024Scope 1: 278 tCO2eRevenue: $M 462Scope 1 Intensity: 0.60 tCO2e/$MBlackRockYear: 2023Scope 1: 6,689 tCO2eRevenue: $M 17,861Scope 1 Intensity: 0.37 tCO2e/$MAmeriprise FinancialYear: 2023Scope 1: 5,534 tCO2eRevenue: $M 15,536Scope 1 Intensity: 0.36 tCO2e/$MAres CapitalYear: 2021Scope 1: 47 tCO2eRevenue: $M 1,681Scope 1 Intensity: 0.03 tCO2e/$MSynchrony FinancialYear: 2024Scope 1: 168 tCO2eRevenue: $M 16,154Scope 1 Intensity: 0.01 tCO2e/$MT Rowe Price GroupYear: 2024Scope 1: 1,845 tCO2eRevenue: $M 7,093Scope 1 Intensity: 0.26 tCO2e/$MAffiliated Managers GroupYear: 2022Scope 1: 601 tCO2eRevenue: $M 2,329Scope 1 Intensity: 0.26 tCO2e/$MState StreetYear: 2024Scope 1: 4,813 tCO2eRevenue: $M 12,917Scope 1 Intensity: 0.37 tCO2e/$MBROOKFIELD ASSET MANAGEMENTYear: 2024Scope 1: 322 tCO2eRevenue: $M 482Scope 1 Intensity: 0.67 tCO2e/$MPNC Financial Services GroupYear: 2022Scope 1: 32,100 tCO2eRevenue: $M 21,114Scope 1 Intensity: 1.52 tCO2e/$MBlackstoneYear: 2024Scope 1: 466 tCO2eRevenue: $M 10,939Scope 1 Intensity: 0.04 tCO2e/$MNorthern TrustYear: 2021Scope 1: 1,797 tCO2eRevenue: $M 6,464Scope 1 Intensity: 0.28 tCO2e/$M

How does Northern Trust's GHG emissions intensity compare to its peers?

In 2021, Northern Trust reported a Scope 1 emissions intensity of 0.28 tCO₂e per millions USD. Compared to the peer group median of 0.14 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. b

Where does Northern Trust rank on GHG emissions intensity within its industry?

In 2021, Northern Trust ranked 16 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). b

Northern Trust is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. b

Want Full Access to Northern Trust's GHG Emissions Dataset?
Sign Up