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.
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 77 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nordea Bank's reported carbon emissions
In 2024, Nordea Bank reported total carbon emissions of approximately 10,250,000 kg CO2e, comprising Scope 1 emissions of about 1,025,000 kg CO2e, Scope 2 emissions of approximately 3,037,000 kg CO2e (market-based), and significant Scope 3 emissions of around 11,270,000 kg CO2e from business travel alone. The bank's emissions have shown fluctuations over the years, with a total of about 18,155,000 kg CO2e in 2022 and 11,327,000 kg CO2e in 2021. Nordea has set ambitious climate commitments, aiming to reduce carbon emissions across its lending and investment portfolios by 40-50% by the end of 2030 compared to 2019 levels. Additionally, the bank targets a 30% reduction in carbon emissions from its internal operations by the end of 2023. Looking further ahead, Nordea is committed to achieving net-zero emissions by 2050 at the latest, aligning with global climate goals. These initiatives reflect Nordea's proactive approach to addressing climate change and its commitment to sustainability within the financial sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| 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 | 31,964,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 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 not participating in any of the initiatives that 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.
