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 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.
Nordea Bank's reported carbon emissions
In 2023, Nordea Bank reported total carbon emissions of approximately 20,372,000 kg CO2e. This figure includes Scope 1 emissions of about 1,142,000 kg CO2e, Scope 2 emissions of approximately 3,116,000 kg CO2e, and significant Scope 3 emissions of around 16,114,000 kg CO2e, primarily from business travel. Nordea has set ambitious climate commitments, aiming for net-zero emissions by 2050. To achieve this, the bank has established a mid-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. Over the years, Nordea has demonstrated a significant reduction in emissions, with total emissions decreasing from approximately 41,785,000 kg CO2e in 2019 to the current figure in 2023. This reflects a proactive approach to sustainability and a commitment to reducing its carbon footprint across all scopes of emissions.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 | 32,006,000 | 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 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.
