National Australia Bank

AUD 29 0.03
Share price
$ 60 bn
Market Cap
$ 163 bn
Enterprise Value

Carbon footprint

0.52 Ton
GHG emissions per $ 1 mln investment
0.01x the weighted average for S&P 500
How is this calculated?
YOY change in GHG emissions
Weaker than the +0.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -8.2% weighted average for S&P 500
How is this calculated?

National Australia Bank aims to reduce Scope 1 + 2 by 51% by 2025 from a base year 2019

This target has not been verified as science based according to SBTi
National Australia Bank's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

National Australia Bank's GHG emissions (location-based) (Kt of CO2e)

National Australia Bank's carbon footprint

National Australia Bank reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 30 June 2021 at 86 Kt (-11 /-11% y-o-y).

National Australia Bank's Scope 3 emissions fell to 46 Kt (-16 /-25.5% y-o-y). This is a higher rate of decline than over the period since 2Q'15 (-9.4% CAGR).

The company is committed to reducing Scope 1 + 2 by 51% by 2025 from a base year 2019, which translates into the estimated reduction of -8 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

National Australia Bank achieved carbon neutrality across its operations (Scope 1 + 2) in 2010. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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