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Public Profile
Financial Intermediation
NO
updated 9 months ago

Nord Pool Clearing ASA Sustainability Profile

Company website

Nord Pool Clearing ASA, headquartered in Norway, is a leading player in the energy market, specialising in the clearing and settlement of electricity trades across the Nordic and Baltic regions. Founded in 1996, the company has established itself as a pivotal entity in the energy sector, facilitating efficient market operations and ensuring financial security for its participants. Nord Pool Clearing ASA offers a range of core services, including risk management, collateral management, and settlement services, which are designed to enhance market liquidity and transparency. Its unique position as a trusted clearing house allows it to support a diverse array of clients, from energy producers to large consumers. With a strong commitment to innovation and regulatory compliance, Nord Pool Clearing ASA has achieved significant milestones, solidifying its reputation as a reliable partner in the energy trading landscape.

DitchCarbon Score

How does Nord Pool Clearing ASA'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.

72

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.

32

Industry Benchmark

Nord Pool Clearing ASA's score of 72 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.

85%

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Nord Pool Clearing ASA's reported carbon emissions

Inherited from Nasdaq, Inc.

As of the latest reporting, Nord Pool Clearing ASA does not have specific carbon emissions data available, indicating a lack of disclosed emissions figures for the most recent year. The company is part of a corporate family that includes Nasdaq, Inc., from which it inherits emissions data and climate commitments. Nord Pool Clearing ASA's climate initiatives are influenced by Nasdaq, Inc., which has set various reduction targets through the Science Based Targets initiative (SBTi) and other frameworks. However, specific reduction targets or achievements for Nord Pool Clearing ASA itself have not been detailed. The absence of direct emissions data suggests that Nord Pool Clearing ASA may still be in the process of establishing its own climate commitments or reporting mechanisms. As a merged entity, it is essential for Nord Pool Clearing ASA to align its sustainability efforts with those of Nasdaq, Inc. to enhance transparency and accountability in its climate impact. Overall, while specific emissions figures are not available, the company's affiliation with Nasdaq, Inc. positions it within a broader context of corporate responsibility and climate action.

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Access structured emissions data, company-specific emission factors, and source documents

201820192020202120222023
Scope 1
-
-
0,000
000
00,000
00,000
Scope 2
35,305,000
00,000,000
00,000,000
00,000,000
000,000
00,000
Scope 3
28,054,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000

How Carbon Intensive is Nord Pool Clearing ASA's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Nord Pool Clearing ASA's primary industry is Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Nord Pool Clearing ASA'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 Nord Pool Clearing ASA is in NO, which has a very low grid carbon intensity relative to other regions.

Nord Pool Clearing ASA's Scope 3 Categories Breakdown

Nord Pool Clearing ASA's Scope 3 emissions, which increased by 7% last year and increased by approximately 227% since 2018, 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 "Purchased Goods and Services" being the largest emissions source at 66% of Scope 3 emissions.

Top Scope 3 Categories

2023
Purchased Goods and Services
66%
Business Travel
21%
Capital Goods
5%
Investments
4%
Employee Commuting
2%
Fuel and Energy Related Activities
1%
Upstream Leased Assets
<1%
Waste Generated in Operations
<1%
Downstream Leased Assets
<1%

Nord Pool Clearing ASA'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.

Nord Pool Clearing ASA 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

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Where does DitchCarbon data come from?

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