Bank Of New Zealand
The Bank of New Zealand (BNZ), a prominent financial institution headquartered in Wellington, NZ, has been serving customers since its establishment in 1861. As a key player in the banking industry, BNZ operates extensively across New Zealand, providing a comprehensive range of financial services including personal banking, business banking, and wealth management. With a commitment to innovation, BNZ has introduced unique products such as its digital banking solutions, which enhance customer experience and accessibility. The bank has consistently positioned itself as a leader in the market, recognised for its customer-centric approach and strong community involvement. Over the years, BNZ has achieved significant milestones, solidifying its reputation as a trusted partner in financial growth and stability for New Zealanders.
DitchCarbon Score
How does Bank Of New Zealand's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bank Of New Zealand's score of 39 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Of New Zealand's reported carbon emissions
In 2023, the Bank of New Zealand (BNZ) reported total carbon emissions of approximately 2,570,000 kg CO2e, comprising 1,520,000 kg CO2e from Scope 1 and 1,357,000 kg CO2e from Scope 2 emissions. This marks a significant reduction from 2022, where emissions were about 2,919,000 kg CO2e, with Scope 1 at 2,519,000 kg CO2e and Scope 2 at 1,397,000 kg CO2e. The bank has not disclosed any Scope 3 emissions data for 2023, but in 2020, it reported Scope 3 emissions of 5,458,100 kg CO2e. Despite these reductions, BNZ has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is not cascaded from a parent company, indicating that it operates independently in its reporting and climate commitments. Overall, BNZ's commitment to reducing its carbon footprint is evident through its decreasing emissions over the years, although further transparency regarding future targets and initiatives would enhance its climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,034,300 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,452,300 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 5,458,100 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank Of New Zealand is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
