NOBA Bank Group AB (publ) Sustainability Profile
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.
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
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.
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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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| 2022 | 2023 | |
|---|---|---|
| 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?
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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.
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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.
