National Bank of Canada

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2022-11 to 2023-10, 2021-11 to 2022-10, 2020-11 to 2021-10, 2020, 2019-11-01 to 2020-10-31, 2019

Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
2022-11 to 2023-10121.4K tCO2e/year
2020-11 to 2021-10114.0K tCO2e/year
2019-11-01 to 2020-10-318.4K tCO2e

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔭 Long-term

  • Net-zero greenhouse gas emissions for its operating and financing activities by 2050

🌱 ESG Focus Areas

Renewable EnergyAffordable HousingAccess to Basic and Essential ServicesClimate Change Mitigation and AdaptationNatural Resource ConservationBiodiversity ConservationPollution Prevention and Control

⚠️ Challenges & Risks +

  • Difficulty identifying assets that are Eligible Assets or Businesses
  • Risk that Eligible Assets or Businesses will not be completed within any specified period or at all or with the results or outcome as originally expected or anticipated by NBC
  • Climate change, including physical risks and those related to the transition to a low-carbon economy
  • Satisfying stakeholder expectations on environmental and social issues
  • Availability of comprehensive and high-quality greenhouse gas emission and other third-party data
  • Ability to develop indicators to effectively monitor advancements
  • Development and deployment of new technologies and sustainable products
  • Ability to identify climate-related opportunities as well as assess and manage climate-related risks

📋 Report Information

Reporting Period: 2023
Frameworks: ICMA Sustainability Bond Guidelines, UN SDGs
Assurance: Deloitte LLP (limited assurance)