Nordea Bank
Nordea Bank Abp, commonly referred to as Nordea, is a leading financial services group headquartered in Helsinki, Finland. Established in 2000 through the merger of several Nordic banks, Nordea has since become a prominent player in the banking industry, primarily serving customers across the Nordic and Baltic regions. With a diverse portfolio, Nordea offers a range of core products and services, including personal banking, corporate banking, asset management, and insurance solutions. What sets Nordea apart is its commitment to digital innovation and sustainability, ensuring that clients receive modern, efficient services tailored to their needs. Recognised for its strong market position, Nordea is one of the largest financial institutions in Northern Europe, consistently achieving high customer satisfaction ratings and maintaining a robust financial performance.
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.
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
Nordea Bank's score of 49 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nordea Bank's reported carbon emissions
In 2023, Nordea Bank reported total carbon emissions of approximately 16.1 million tonnes CO2e. This figure includes 1.14 million tonnes from Scope 1 emissions, primarily from direct operations, and 3.12 million tonnes from Scope 2 emissions, which encompass indirect emissions from purchased energy. The majority of their emissions, about 11.6 million tonnes, fall under Scope 3, which includes emissions from investments and business travel. Over the years, Nordea has made significant strides in reducing its carbon footprint. From 2018 to 2023, the bank has decreased its total emissions from approximately 40.3 million tonnes CO2e to 16.1 million tonnes CO2e, reflecting a substantial reduction in both Scope 1 and Scope 2 emissions. Notably, Scope 1 emissions have decreased from 1.72 million tonnes in 2018 to 1.14 million tonnes in 2023. Nordea has committed to achieving net-zero emissions by 2050 at the latest, with a clear strategy to address emissions across all scopes. This long-term goal aligns with global climate initiatives and demonstrates the bank's dedication to sustainability and responsible banking practices.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,724,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 5,509,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 23,424,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Nordea Bank is committed to some 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.
