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 80 is higher than 90% 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 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 has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, Nordea plans to achieve a 30% reduction in both Scope 1 and Scope 2 emissions from 2020 levels by 2030. In 2023, the bank's emissions were approximately 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. Notably, Nordea has achieved a 7.15% reduction in Scope 1 and Scope 2 emissions during the year 2019. Nordea's long-term goal is to reach net-zero emissions by 2050, with a mid-term target to reduce carbon emissions across its lending and investment portfolios by 40-50% by 2030 compared to 2019 levels. These commitments reflect Nordea's dedication to addressing climate change and reducing its overall carbon footprint.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | 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 | 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.
