Public Profile

Nordea Bank

Nordea Bank Abp, commonly referred to as Nordea, is a leading financial services group headquartered in Finland (FI). Established in 2000, Nordea has grown to become a prominent player in the Nordic banking sector, with significant operations across Sweden, Norway, Denmark, and Finland. The bank offers a comprehensive range of services, including personal banking, corporate banking, asset management, and insurance, distinguished by its commitment to digital innovation and customer-centric solutions. With a strong market position, Nordea is recognised for its robust financial performance and sustainable banking practices. The bank has achieved notable milestones, such as being one of the largest financial institutions in the Nordic region, serving millions of customers with tailored financial products. Nordea's unique approach to integrating technology with traditional banking services sets it apart in the competitive landscape, making it a trusted partner for individuals and businesses alike.

DitchCarbon Score

How does Nordea 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.

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.

26

Industry Benchmark

Nordea Bank's score of 72 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.

99%

Nordea Bank's reported carbon emissions

In 2023, Nordea Bank reported total carbon emissions of approximately 20,372,000 kg CO2e. This figure includes 1,142,000 kg CO2e from Scope 1 emissions, 3,116,000 kg CO2e from Scope 2 emissions, and 16,114,000 kg CO2e from Scope 3 emissions, which primarily stem from business travel and purchased goods and services. Nordea has set ambitious climate commitments, aiming for net-zero emissions by 2050 at the latest. To achieve this long-term goal, the bank has established a near-term target to reduce carbon emissions across its lending and investment portfolios by 40-50% and from its internal operations by over 50% compared to 2019 levels by 2030. This commitment positions Nordea among the leaders in the banking sector for climate action. The bank's emissions data reflects a significant reduction from previous years, with total emissions decreasing from approximately 41,785,000 kg CO2e in 2019 to 20,372,000 kg CO2e in 2023. This reduction highlights Nordea's ongoing efforts to enhance sustainability and mitigate climate impact across all operational scopes.

Unlock detailed emissions data

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

2018201920202021202220232024
Scope 1
1,791,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
6,539,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 3
32,006,000
00,000,000
0,000,000
0,000,000
00,000,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Nordea Bank'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.

Location emissions intensity

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. Nordea Bank is headquartered in FI, which has a rank of very low, indicating very low grid carbon 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.

Nordea Bank is not committed to any 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.

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

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