Nordea Bank Sustainability Profile
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.
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 88 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Nordea Bank's reported carbon emissions
In 2024, Nordea Bank reported total carbon emissions of approximately 24.4 billion kg CO2e, comprising 1,025,000 kg CO2e from Scope 1, 3,037,000 kg CO2e from Scope 2 (market-based), and about 23.9 billion kg CO2e from Scope 3 emissions. This reflects a commitment to significant reductions, with a target to decrease carbon emissions across its lending and investment portfolios by 40-50% by 2030, compared to 2019 levels, and to achieve over a 50% reduction in internal operations by the same year. For Scope 1 emissions, Nordea aims for a 30% reduction from 2020 to 2030, while Scope 2 emissions are also targeted for a 30% reduction in the same timeframe. Additionally, the bank has set a long-term goal to reach net-zero emissions by 2050. In 2023, the bank's total emissions were approximately 24.9 billion kg CO2e, indicating a slight decrease in Scope 1 and Scope 2 emissions compared to previous years. The bank's emissions data is not cascaded from any parent organization, ensuring that its commitments and targets are independently set and reported.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 48,000 | 00,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,409,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 13,576,000 | 00,000,000 | 00,000,000 | 00,000,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Nordea Bank's Industry?
How Carbon Intensive is Nordea Bank's Location?
Nordea Bank's Scope 3 Categories Breakdown
Nordea Bank's Scope 3 emissions, which decreased by 4% last year and increased significantly since 2016, 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 100% of Scope 3 emissions.
Top Scope 3 Categories
Nordea Bank'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.
Nordea Bank 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.
