In 2024, Qatar National 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).
Qatar National Bank 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 10,768a | 11,108a | 10,978a | |
Total Scope 2 | ||||
Market-Based | 31,680a | 28,988b | N/A | |
Location-Based | 56,854a | 53,043a | 52,979a | |
Total Scope 3 | 127,937,513.9a | 1,375a | 1,180.4a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.9695a | 1.0778a | 1.1684a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Qatar National Bank amounted to 67,622 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 Qatar National Bank increased by 5.41%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Qatar National Bank were 10,768 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Qatar National Bank's Scope 1 emissions have increased by 3.73%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Qatar National Bank's Scope 1 emissions decreased by 3.06%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Qatar National Bank reported Scope 2 greenhouse gas (GHG) emissions of 31,680 tCO₂e using the market-based method and 56,854 tCO₂e using the location-based method.a
Since 2020, Qatar National Bank's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 15.58%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), Qatar National Bank's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Qatar National Bank's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Qatar National Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Qatar National Bank reported 127,937,513.9 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 Qatar National Bank includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Qatar National Bank reported total Scope 3 emissions of 127,937,513.9 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 2020, Qatar National Bank's Scope 3 emissions have increased by 825,403,215.48%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Qatar National Bank's Scope 3 emissions increased by 9,304,446.47%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Qatar National Bank 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.
In 2024, the largest contributors to Qatar National Bank's Scope 3 emissions were:a
In 2024, Qatar National Bank reported Scope 1 greenhouse gas (GHG) emissions of 10,768 tCO₂e and total revenues of USD 11,107 millions. This translates into an emissions intensity of 0.97 tCO₂e per millions USD.a
In 2024, Qatar National Bank reported a Scope 1 emissions intensity of 0.97 tCO₂e per millions USD. Compared to the peer group median of 0.56, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Qatar National Bank ranked 22 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Qatar National Bank among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Qatar National Bank reported a total carbon footprint of 128,005,135.9 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 195,250.14% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Qatar National Bank's total carbon footprint was Scope 3 emissions, accounting for 99.95% of the company's total carbon footprint, followed by Scope 2 emissions at 0.04%.a