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Public Profile
Financial Intermediation
SE
updated 22 days ago

NOBA Bank Group AB (publ) Sustainability Profile

Company website

NOBA Bank Group AB (publ), headquartered in Sweden, is a prominent player in the financial services industry, specialising in banking and financial solutions. Founded in recent years, the bank has quickly established itself in key operational regions across Scandinavia, focusing on providing innovative banking services tailored to meet the needs of both individuals and businesses. The bank offers a range of core products, including personal and business accounts, loans, and investment services, distinguished by their customer-centric approach and advanced digital platforms. NOBA Bank Group has achieved notable recognition for its commitment to sustainability and financial inclusion, positioning itself as a forward-thinking institution in the competitive banking landscape. With a focus on leveraging technology to enhance customer experience, NOBA Bank Group continues to make significant strides in the evolving financial sector.

DitchCarbon Score

How does NOBA Bank Group AB (publ)'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.

38

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.

29

Industry Benchmark

NOBA Bank Group AB (publ)'s score of 38 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.

59%

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NOBA Bank Group AB (publ)'s reported carbon emissions

In 2023, NOBA Bank Group AB (publ) reported significant carbon emissions, with a total of approximately 31,728,000 kg CO2e. This figure includes 30,000 kg CO2e from Scope 2 emissions, which are associated with purchased electricity, heat, and steam, and 31,728,000 kg CO2e from Scope 3 emissions, primarily driven by investments (30,410,000 kg CO2e) and employee commuting (700,700 kg CO2e). The bank did not disclose any Scope 1 emissions for this year. In 2022, the bank's total emissions were also around 31,728,000 kg CO2e, with Scope 1 emissions recorded at 80 kg CO2e, Scope 2 emissions at 55,000 kg CO2e, and Scope 3 emissions at approximately 31,698,000 kg CO2e. Despite these substantial emissions figures, NOBA Bank Group AB (publ) has not set specific reduction targets or initiatives, nor have they made any climate pledges. The absence of defined reduction strategies indicates a potential area for improvement in their climate commitments. Overall, while NOBA Bank Group AB (publ) has disclosed comprehensive emissions data, the lack of reduction targets suggests that the bank may need to enhance its climate action framework to align with industry standards and expectations.

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20222023
Scope 1
80
-
Scope 2
29,700
00,000
Scope 3
31,698,000
00,000,000

How Carbon Intensive is NOBA Bank Group AB (publ)'s Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. NOBA Bank Group AB (publ)'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is NOBA Bank Group AB (publ)'s Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for NOBA Bank Group AB (publ) is in SE, which has a very low grid carbon intensity relative to other regions.

NOBA Bank Group AB (publ)'s Scope 3 Categories Breakdown

NOBA Bank Group AB (publ)'s Scope 3 emissions, which increased by 0% last year and increased by approximately 0% since 2022, 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" being the largest emissions source at 96% of Scope 3 emissions.

Top Scope 3 Categories

2023
Investments
96%
Employee Commuting
2%
Purchased Goods and Services
<1%
Upstream Transportation & Distribution
<1%
Fuel and Energy Related Activities
<1%

NOBA Bank Group AB (publ)'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.

NOBA Bank Group AB (publ) 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare NOBA Bank Group AB (publ)'s Emissions with Industry Peers

Resurs Holding

SE
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

Swedbank

SE
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 11 hours ago

Bnp Paribas

FR
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

Deutsche Bank

DE
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

Handelsbanken

SE
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

Danske Bank A Slash S

DK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 13 hours ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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