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 82 is higher than 90% 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 10,250,000 kg CO2e from Scope 1, 3,037,000 kg CO2e from Scope 2 (market-based), and 11,270,000 kg CO2e from Scope 3 emissions. The bank's emissions have shown fluctuations over the years, with 2023 emissions recorded at about 11,420,000 kg CO2e for Scope 1, 3,116,000 kg CO2e for Scope 2 (market-based), and 12,184,000 kg CO2e for Scope 3. Nordea has set ambitious climate commitments, aiming for a 30% reduction in Scope 1 and Scope 2 emissions from 2020 levels by 2030. Additionally, the bank targets near-zero emissions for both Scope 1 and Scope 2 by 2025. In terms of broader climate goals, Nordea aims to reduce carbon emissions across its lending and investment portfolios by 40-50% by 2030 compared to 2019 levels, with a long-term objective of achieving net-zero emissions by 2050. The bank has achieved a 7.15% reduction in emissions during 2019, demonstrating progress towards its targets. Overall, Nordea's commitment to sustainability reflects a proactive approach to addressing climate change, aligning with industry standards and expectations.
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 | 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 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 | 00,000,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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 2% last year and increased by approximately 16% since 2016, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 79% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 72% 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.
