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 2021, Northern Trust 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).

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)2021202020192018 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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b
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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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 Verification report 2021
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b. Northern Trust's Climate Change Strategy Report 2020
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Insights into Northern Trust's Operational Emissions

In 2021, the total operational greenhouse gas (GHG) emissions of Northern Trust amounted to 22,101 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 2020, the total operational greenhouse gas (GHG) emissions of Northern Trust decreased by 14.21%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Northern Trust's Scope 1 Emissions Over Time

201820192020202107001.4 k2.1 k2.8 ktCO2e-28%-16%+12%
  • Total Scope 1
  • Year-over-Year Change

What are Northern Trust's Scope 1 emissions?

In 2021, the total Scope 1 emissions of Northern Trust were 1,797 metric tons of CO₂ equivalent (tCO₂e). a

Has Northern Trust reduced its Scope 1 emissions over time?

Since 2018, Northern Trust's Scope 1 emissions have decreased by 31.85%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2020), Northern Trust's Scope 1 emissions increased by 11.61%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Northern Trust's Scope 2 emissions?

In 2021, Northern Trust reported Scope 2 greenhouse gas (GHG) emissions of 23,622 tCO₂e using the market-based method and 20,304 tCO₂e using the location-based method. a

What methodology does Northern Trust use for Scope 2 reporting?

In 2021, Northern Trust reported its Scope 2 emissions using the market-based method and using the location-based method. a

Northern Trust's Scope 2 Emissions Over Time

201820192020202109 k18 k27 k36 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Northern Trust's Value Chain Emissions

In 2021, Northern Trust reported 3,200 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 2021 disclosure of Northern Trust includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2020, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Northern Trust's Scope 3 Emissions Over Time

2018201920202021015 k30 k45 k60 ktCO2e+134%+2%-93%
  • Total Scope 3
  • Year-over-Year Change

What are Northern Trust's Scope 3 emissions?

In 2021, Northern Trust reported total Scope 3 emissions of 3,200 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 83.4%, reflecting a declining long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2020), Northern Trust's Scope 3 emissions decreased by 93.04%, 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 2021, Northern Trust reported emissions for 3 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 2021, the largest contributors to Northern Trust's Scope 3 emissions were: a

  • Fuel- and Energy-Related Services (Cat. 3): 1,963 tCO₂e (61.34%)
  • Business Travel (Cat. 6): 859 tCO₂e (26.84%)
  • Employee Commuting (Cat. 7): 378 tCO₂e (11.81%)

Northern Trust's Scope 3 Emissions by Categories

Employee Commuting(Cat. 7)(11.8%)Business Travel(Cat. 6)(26.8%)Fuel- andEnergy-RelatedServices (Cat. 3)(61.3%)

Insights into Northern Trust's Total Carbon Footprint

In 2021, Northern Trust reported a total carbon footprint of 25,301 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 64.73% decrease compared to 2020, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Northern Trust's total carbon footprint was Scope 2 emissions, accounting for 80.25% of the company's total carbon footprint, followed by Scope 3 emissions at 12.65%. a

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