Nordea Life & Pensions S.A. Sustainability Profile
Nordea Life & Pensions S.A., a prominent player in the insurance and pension sector, is headquartered in Luxembourg (LU) and operates extensively across the Nordic region. Founded in 1997, the company has established itself as a trusted provider of life insurance and pension solutions, catering to both individual and corporate clients. Specialising in tailored life insurance products and comprehensive pension plans, Nordea Life & Pensions stands out for its customer-centric approach and innovative financial solutions. The firm has achieved significant milestones, including a strong market position within the Nordic insurance landscape, recognised for its commitment to sustainability and responsible investment practices. With a focus on delivering value and security, Nordea Life & Pensions continues to enhance its offerings, ensuring clients receive the best in financial protection and retirement planning.
DitchCarbon Score
How does Nordea Life & Pensions S.A.'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 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 Life & Pensions S.A.'s score of 47 is lower than 100% 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 Life & Pensions S.A., headquartered in Luxembourg (LU), currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The organisation is a current subsidiary of Nordea Bank Abp, which cascades emissions data and climate initiatives down to its subsidiaries. While Nordea Life & Pensions S.A. has not set specific reduction targets or climate pledges, it is important to note that it inherits climate commitments and performance metrics from its parent company, Nordea Bank Abp. This includes participation in the Carbon Disclosure Project (CDP) at a cascade level of 3, indicating a commitment to transparency in climate-related disclosures. As part of the broader Nordea Group, the company aligns with industry standards for climate action, although specific initiatives or targets for emissions reduction have not been detailed at the subsidiary level. The absence of direct emissions data highlights the need for ongoing efforts in climate accountability and commitment to sustainability within the financial services sector.
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| 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 Life & Pensions S.A.'s Industry?
How Carbon Intensive is Nordea Life & Pensions S.A.'s Location?
Nordea Life & Pensions S.A.'s Scope 3 Categories Breakdown
Nordea Life & Pensions S.A.'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.
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Nordea Life & Pensions S.A.'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 Life & Pensions S.A. 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.
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