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Investment & Financing
Northern Trust
About
Northern Trust Corporation (the Corporation or Northern Trust) is a leading provider of wealth management, asset servicing, asset management and banking solutions to corporations, institutions, families and individuals. The Corporation is a financial holding company conducting business through various U.S. and non-U.S. subsidiaries, including The Northern Trust Company (the Bank). The Corporation was originally formed as a holding company for the Bank in 1971. The Corporation has a global presence with offices in 24 U.S. states and Washington, D.C. and across 22 locations in Canada, Europe, the Middle East and the Asia Pacific region. The Statement of Greenhouse Gas Emissions has been prepared based on a calendar reporting year that is the same as Northern Trust’s fiscal reporting period. The Corporation presents gross scope 1, gross scope 2 (location-based and market-based), and certain1 categories of scope 3 emissions. Emissions are reported on an absolute basis. GHG emissions have been presented in accordance with the following (collectively referred to as the “GHG Protocol”): • World Resources Institute (WRI), World Business Council for Sustainable Development (WBCSD) Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard, Revised Edition. • WRI/WBCSD GHG Protocol Scope 2 Guidance: An amendment to the GHG Protocol Corporate Standard. Scope 1 represents direct GHG emissions that occur from sources that are owned or controlled by the Corporation. Scope 2 accounts for GHG emissions from the generation of purchased electricity consumed by the Corporation. Scope 3 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. In addition to Scope 1 and Scope 2 GHG emissions, the Corporation has elected to present certain Scope 3 emissions, Category 1: Purchased Goods & Services (partial); Category 3: Fuel-and Energy-Related Activities (partial); Category 5: Waste Generated in Operations; Category 6: Business Travel (partial), Category 7: Employee Commuting including Hybrid Working.