DNB Group Sustainability Profile
DNB Group, headquartered in Norway, is a leading financial services provider in the Nordic region. Founded in 1822, the company has evolved into a comprehensive banking institution, offering a wide range of services including retail banking, corporate finance, and asset management. With a strong presence across Norway and significant operations in Sweden and Denmark, DNB Group is well-positioned in the competitive financial landscape. The company is renowned for its innovative digital banking solutions, which enhance customer experience and streamline financial transactions. DNB Group's commitment to sustainability and responsible banking practices further distinguishes it in the industry. As one of the largest financial institutions in Norway, DNB Group has achieved numerous accolades, solidifying its reputation as a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does DNB Group'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 Services Auxiliary to 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
DNB Group's score of 52 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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DNB Group's reported carbon emissions
In 2024, DNB Group reported total carbon emissions of approximately 37,067,000 kg CO2e across all scopes. This includes 67,000 kg CO2e from Scope 1, 384,000 kg CO2e from Scope 2 (market-based), and a significant 37,000,000,000 kg CO2e from Scope 3, which encompasses investments amounting to 93,000,000,000 kg CO2e. DNB has set ambitious reduction targets, aiming for a 47% reduction in emissions per square metre for home mortgages in both Scope 1 and Scope 2 by 2030, starting from a baseline established in 2020. This commitment reflects the bank's focus on enhancing sustainability within its operations and investment strategies. The emissions data is sourced directly from DNB Bank ASA, with no cascaded data from parent or related organizations. DNB's comprehensive approach to climate commitments includes transparency in emissions reporting and a clear strategy for reducing its carbon footprint, aligning with industry standards for climate action.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | 000,000 | - | 00,000 |
| Scope 2 | - | 000,000 | 000,000 | 000,000 | - | 000,000 |
| Scope 3 | 69,120,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000,000 | 00,000,000,000 |
How Carbon Intensive is DNB Group's Industry?
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DNB Group's Scope 3 Categories Breakdown
DNB Group's Scope 3 emissions, which decreased by 94% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
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DNB Group'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.
DNB Group has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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