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 22 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Luminor Bank's reported carbon emissions
In 2023, Luminor Bank, headquartered in Estonia (EE), reported total carbon emissions of approximately 289,384.22 kg CO2e. This figure includes 43,390.77 kg CO2e from Scope 1 emissions, 7,705.0 kg CO2e from Scope 2 emissions, and a significant 238,594.76 kg CO2e from Scope 3 emissions. Luminor Bank has committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment is aligned with the Science Based Targets initiative (SBTi), which the bank joined in 2022. The bank is currently classified as a member of the BA1.5 group, indicating its dedication to ambitious climate action within the financial sector. In terms of emissions intensity, Luminor Bank reported a direct carbon emissions intensity of about 1,100 kg CO2e per employee in 2023. The bank's carbon intensity per unit of revenue was approximately 0.571 kg CO2e per EUR. Luminor Bank's emissions data is cascaded from its parent company, Luminor Bank AS, reflecting its corporate family relationship. The bank's ongoing efforts to reduce its carbon footprint demonstrate a proactive approach to sustainability in the financial services industry.
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| 2021 | 2023 | |
|---|---|---|
| Scope 1 | 51,000 | 00,000.00 |
| Scope 2 | 2,155,000 | 0,000 |
| Scope 3 | - | 000,000.00 |
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 participating in some of the initiatives that 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.
