Luminor Bank
Luminor Bank, a prominent financial institution headquartered in Estonia (EE), serves as a key player in the Baltic banking sector. Established in 2017, Luminor emerged from the merger of the Baltic operations of Nordea and DNB, positioning itself as a significant force in the region. The bank primarily focuses on retail and corporate banking, offering a range of services including loans, savings accounts, and investment solutions tailored to meet the diverse needs of its clients. With a commitment to innovation and customer-centric solutions, Luminor Bank distinguishes itself through its digital banking services and personalised financial advice. The bank has quickly gained recognition for its robust market position, becoming a trusted partner for individuals and businesses alike in Estonia, Latvia, and Lithuania. As it continues to expand its footprint, Luminor remains dedicated to fostering economic growth and financial well-being across the Baltic states.
DitchCarbon Score
How does Luminor Bank'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
Luminor Bank's score of 6 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Luminor Bank's reported carbon emissions
In 2023, Luminor Bank reported total carbon emissions of approximately 2,764,800 kg CO2e, with significant contributions from Scope 1, 2, and 3 emissions, each also around 2,765,000 kg CO2e. This marks a slight increase from 2022, where total emissions were about 2,947,900 kg CO2e, comprising 44,900 kg CO2e from Scope 1, 1,296,000 kg CO2e from Scope 2, and 1,607,000 kg CO2e from Scope 3. In 2021, the bank's total emissions were significantly higher at approximately 1,960,260,000 kg CO2e, with Scope 1 emissions at 51,000 kg CO2e and Scope 2 at 2,155,000 kg CO2e. Luminor Bank has committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment aligns with the Science Based Targets initiative (SBTi), which the bank joined in August 2022. The bank's emissions intensity per employee has shown a decreasing trend, with values of 1,100 kg CO2e in 2023 and 1,300 kg CO2e in 2022, indicating ongoing efforts to improve operational efficiency and reduce carbon footprints. Overall, Luminor Bank's climate commitments reflect a proactive approach to sustainability within the financial sector, aiming to mitigate its environmental impact while supporting broader climate goals.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 51,000 | 00,000 | 0,000,000 |
| Scope 2 | 2,155,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 |
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.
Luminor Bank is committed to some reduction initiatives 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.
