Boligbank Sustainability Profile
Boligbank, officially known as Nykredit, is a leading financial institution headquartered in Denmark (DK). Established in 1985, the company has grown to become a prominent player in the mortgage and banking sector, primarily serving the Danish market and expanding its reach across Northern Europe. Nykredit offers a range of core products, including mortgage loans, savings accounts, and investment services, distinguished by their customer-centric approach and innovative digital solutions. The bank has achieved significant milestones, including the introduction of sustainable financing options, positioning itself as a pioneer in the green finance movement. With a strong market presence and a commitment to responsible banking, Boligbank continues to be recognised for its reliability and expertise, making it a trusted choice for individuals and businesses seeking comprehensive financial services.
DitchCarbon Score
How does Boligbank'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
Boligbank's score of 30 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Boligbank's reported carbon emissions
In 2023, Boligbank reported total carbon emissions of approximately 1,062,000 kg CO2e, reflecting a significant increase from 2022's emissions of about 490,000 kg CO2e. This data encompasses Scope 1 and 2 emissions, but no specific breakdown into these categories is provided. The emissions data is cascaded from its parent company, Nykredit Asset Management A/S, indicating a corporate family relationship. Over the years, Boligbank's emissions have fluctuated, with 2021 reporting approximately 727,000 kg CO2e and 2020 at about 1,409,000 kg CO2e. The highest recorded emissions were in 2018, totalling around 3,980,000 kg CO2e, which included 90,000 kg CO2e from Scope 1, 2,909,000 kg CO2e from Scope 2, and 981,000 kg CO2e from Scope 3. Despite these figures, Boligbank has not set specific reduction targets or initiatives, nor does it participate in recognised climate pledges such as the Science Based Targets initiative (SBTi). The absence of defined reduction strategies suggests a need for enhanced climate commitments within the organisation.
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| 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 90,000 | - | - | - | - |
| Scope 2 | 2,909,000 | - | - | - | - |
| Scope 3 | 981,000 | - | - | - | - |
How Carbon Intensive is Boligbank's Industry?
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Boligbank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Boligbank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
