Our Approach to Minimizing the Environmental Impact of Our Operations
Northern Trust has announced significant progress in its environmental initiatives, targeting a 50% reduction in GHG emissions across Scope 1, 2, and partial Scope 3 by 2030 from a 2019 baseline, with the ultimate goal of achieving Net Zero carbon emissions from operations by 2050. The company completed four LED lighting projects in 2023, saving approximately 60 tons of carbon. Energy consumption per full-time employee has decreased by 27%, with estimated absolute emissions reduction of 3.4% versus 2019 baseline. The company is implementing Environmental and Energy Management Systems in key locations and partnering with organizations like Climate Vault to support carbon removal technologies.
Northern Trust ha annunciato importanti progressi nelle sue iniziative ambientali, puntando a una riduzione del 50% delle emissioni di gas serra nei Scope 1, 2 e parzialmente nel Scope 3 entro il 2030, rispetto a una linea di base del 2019, con l'obiettivo finale di raggiungere emissioni di carbonio nette pari a zero dalle operazioni entro il 2050. Nel 2023, l'azienda ha completato quattro progetti di illuminazione a LED, risparmiando circa 60 tonnellate di carbonio. Il consumo energetico per dipendente a tempo pieno è diminuito del 27%, con una stima di riduzione delle emissioni assolute del 3,4% rispetto alla base del 2019. L'azienda sta implementando Sistemi di Gestione Ambientale ed Energetica in luoghi chiave e collaborando con organizzazioni come Climate Vault per sostenere le tecnologie di rimozione del carbonio.
Northern Trust ha anunciado avances significativos en sus iniciativas ambientales, con el objetivo de reducir las emisiones de GHG en un 50% en los Alcances 1, 2 y parte del Alcance 3 para 2030, tomando como referencia el año 2019, con la meta final de alcanzar emisiones netas de carbono cero en sus operaciones para 2050. En 2023, la empresa completó cuatro proyectos de iluminación LED, ahorrando aproximadamente 60 toneladas de carbono. El consumo de energía por empleado a tiempo completo ha disminuido en un 27%, con una reducción estimada de las emisiones absolutas del 3,4% en comparación con la línea de base de 2019. La compañía está implementando Sistemas de Gestión Ambiental y Energética en ubicaciones clave y colaborando con organizaciones como Climate Vault para apoyar las tecnologías de remoción de carbono.
노던 트러스트(Northern Trust)는 환경 이니셔티브에서 중요한 진전을 발표하며, 2019년 기준으로 2030년까지 Scope 1, 2 및 일부 Scope 3에서 온실가스(GHG) 배출을 50% 줄이는 것을 목표로 하고 있습니다. 궁극적인 목표는 2050년까지 운영에서 탄소 배출을 넷 제로(Net Zero)로 달성하는 것입니다. 회사는 2023년에 4개의 LED 조명 프로젝트를 완료하여 약 60톤의 탄소를 절약했습니다. 정규직 직원 1인당 에너지 소비는 27% 감소했으며, 2019년 기준으로 절대 배출량이 3.4% 줄어들 것으로 추정됩니다. 회사는 주요 장소에서 환경 및 에너지 관리 시스템을 구현하고 Climate Vault와 같은 조직과 협력하여 탄소 제거 기술을 지원하고 있습니다.
Northern Trust a annoncé des progrès significatifs dans ses initiatives environnementales, visant une réduction de 50 % des émissions de GES dans les Scopes 1, 2 et partiellement dans le Scope 3 d'ici 2030 par rapport à une base de 2019, avec l'objectif ultime d'atteindre des émissions nettes de carbone nulles de ses opérations d'ici 2050. L'entreprise a réalisé quatre projets d'éclairage LED en 2023, économisant environ 60 tonnes de carbone. La consommation d'énergie par employé à temps plein a diminué de 27 %, avec une réduction estimée des émissions absolues de 3,4 % par rapport à la base de 2019. L'entreprise met en œuvre des systèmes de gestion environnementale et énergétique dans des lieux clés et s'associe à des organisations telles que Climate Vault pour soutenir les technologies de retrait du carbone.
Northern Trust hat erhebliche Fortschritte bei seinen Umweltinitiativen bekannt gegeben, mit dem Ziel, die Treibhausgasemissionen in den Bereichen Scope 1, 2 und teilweise Scope 3 bis 2030 im Vergleich zu einem Basisjahr 2019 um 50% zu reduzieren. Das letztliche Ziel ist es, bis 2050 netto null Kohlenstoffemissionen aus dem Betrieb zu erreichen. Das Unternehmen hat im Jahr 2023 vier Projekte zur LED-Beleuchtung abgeschlossen, wodurch etwa 60 Tonnen Kohlenstoff eingespart wurden. Der Energieverbrauch pro Vollzeitmitarbeiter ist um 27% gesunken, mit einer geschätzten absoluten Emissionsreduzierung von 3,4% im Vergleich zur Basis von 2019. Das Unternehmen implementiert Umwelt- und Energiemanagementsysteme an wichtigen Standorten und kooperiert mit Organisationen wie Climate Vault zur Unterstützung von Kohlenstoffentfernungstechnologien.
- Achieved 27% reduction in energy consumption per full-time employee
- Reduced absolute emissions by 3.4% from 2019 baseline
- Completed four LED lighting projects saving 60 tons of carbon
- Business travel emissions remain below pre-pandemic levels
- None.
Insights
This sustainability report reveals Northern Trust's concrete progress in environmental initiatives, with
The commitment to reduce GHG emissions by
The reduced business travel and work-from-home emissions in 2023 contribute positively to their environmental goals, while the systematic elimination of single-use plastics and increased recycling efforts demonstrate a comprehensive approach to environmental stewardship.
Our Energy and Carbon Reduction Initiatives
Originally published in Northern Trust 2023 Sustainability Report
NORTHAMPTON, MA / ACCESSWIRE / November 15, 2024 / Northern Trust is actively reducing our operational carbon footprint.
We have set a target to reduce GHG emissions across Scope 127, 228 and partial Scope 329 by 50 percent by 2030 (using a 2019 baseline), and to achieve Net Zero carbon emissions from operations by 205030.
This includes all Scope 1 emissions from sources controlled by Northern Trust and all Scope 2 emissions. For Scope 3 emissions, the reporting is currently limited to our business operations for purchased goods and services, fuel and energy, waste generated from operations, business travel and employee commuting. To reduce carbon emissions in line with our plan to commit to the Science Based Targets Initiative's31 Sectoral Decarbonization Approach32, we complete a range of energy efficiency projects33 each year to reduce our energy consumption.
In 2023, we completed four LED lighting projects, of which three are in EMEA and one is in the U.S., which have saved approximately 60 tons of carbon. As a result, we have lowered energy consumption per full-time employee (FTE) by 27 percent and have estimated to have reduced our absolute emissions by 3.4 percent versus our 2019 baseline34.
In addition, we will continue to support the development of carbon removal technologies by partnering with organizations such as Climate Vault. These help leverage the value of the carbon allowances to fund an equivalent or greater amount of carbon removals from new carbon dioxide removal (CDR) technologies through a bi-annual grant process35.
We are in the process of implementing Environmental and Energy Management Systems36 (EMS) in key locations to help drive continual improvement in operational performance. Each property has set an annual energy reduction target to achieve through low- or no-cost operational initiatives.
Despite an increased return to the office across the Corporation, business travel remains below pre-pandemic levels. We have also seen a reduction of emissions from working from home in 2023, compared to the pandemic years.37 Additionally, we are removing single-use plastics from our offices, completing audits across our global portfolio and systematically eliminating plastics. We are reducing waste from our operations and increasing recycling rates across the business.
Read the full report here
27 Scope 1 represents direct GHG emissions that occur from sources that are owned or controlled by the Corporation.
28 Scope 2 accounts for GHG emissions from the generation of purchased electricity consumed by the Corporation.
29 Scope 3 generally includes certain indirect GHG emissions (not included in Scope 2) that occur in the value chain of the Corporation, including both upstream and downstream emissions. Upstream emissions are indirect GHG emissions related to purchased or acquired goods and services while downstream emissions are indirect GHG emissions related to sold goods and services.
30 For more information please refer to our most recent GHG statement.
31 The Science Based Targets initiative (SBTi) is a corporate climate action organization that supports companies at an international level to actively contribute toward tackling the climate crisis.
32 The Sectoral Decarbonization Approach (SDA) used by the SBTi involves setting sector-specific emission reduction targets aligned with the goals of the Paris Agreement, a legally binding international treaty on climate change.
33 Some examples of our energy efficiency projects include light-emitting diode (LED) lighting schemes, heating, ventilation, and air conditioning (HVAC) control upgrades, electric vehicles (EV) charging stations, lighting monitor control and pipework insulation.
34 The estimated GHG absolute emissions reduction percentage presented in this report should be considered preliminary. Final data with respect to 2023 GHG absolute emissions can be found in Northern Trust's 2023 GHG statement when such statement is published on Northern Trust's corporate website.
35 Given the ambiguity related to the term, as well as to the risk of making carbon neutrality claims, we will no longer refer to these endeavors as "carbon neutrality."
36 An energy management system can monitor and optimize energy usage, costs and environmental impact. It can provide valuable data and insights that can inform the decision-making process in particular when taking Net Zero targets into consideration.
37 For more information on our GHG emissions, please refer to our most recent GHG statement: https://cdn.northerntrust.com/pws/nt/documents/ about-us/ghg-statement.pdf
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SOURCE: Northern Trust
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