National Australia Bank
Primary Climate Goal
National Australia Bank's target annual Scope 1 + 2 emissions for 2025 should be equal to 54 Kt = 51% * 110 Kt, according to the company's stated climate goal.
In order to achieve this goal, National Australia Bank would need to reduce its emissions at least by -8 Kt per annum over the period from 2022 to 2025:
-8 Kt = ( 54 Kt - 86 Kt ) / (2025 - 2021)
This translates into a -9.3% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
National Australia Bank aims to reduce Scope 1 + 2 by 51% by 2025 from a base year 2019
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
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 (
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.