Nordic Capital

Nordic Capital, headquartered in Sweden, reported total carbon emissions of approximately 31.2 million kg CO2e in 2025. This includes 7,500 kg CO2e from Scope 1, 54,700 kg CO2e from Scope 2 (market-based), and significant Scope 3 emissions, including 386,075,000 kg CO2e from investments and 28,754,200 kg CO2e from purchased goods and services.

In 2024, Nordic Capital's total emissions were approximately 38.9 million kg CO2e, with 5,200 kg CO2e from Scope 1 and 81,600 kg CO2e from Scope 2 (market-based). Key Scope 3 contributions included 368,124,000 kg CO2e from investments and 36,538,000 kg CO2e from purchased goods and services.

Looking back, in 2023, the company's total emissions were approximately 3.15 million kg CO2e, with Scope 2 emissions at 103,000 kg CO2e. Significant Scope 3 emissions in 2023 included 2,849,000 kg CO2e from business travel. For 2022, total emissions stood at approximately 1.47 million kg CO2e, comprising 121,000 kg CO2e from Scope 2 and 1,121,000 kg CO2e from business travel under Scope 3. In 2021, only Scope 3 emissions were reported, totalling approximately 428,400 kg CO2e. For 2020, Scope 3 emissions were approximately 758,500 kg CO2e. In 2019, total emissions were approximately 3.83 million kg CO2e, with Scope 2 at 198,000 kg CO2e and Scope 3 at 3,635,000 kg CO2e, largely from business travel.

Nordic Capital has committed to climate action with Science Based Targets initiative (SBTi) validated targets, classified as 1.5°C for near-term. The company aims for 33.4% of its eligible portfolio companies to set SBTi validated targets by 2028, increasing to 100% by 2040. At the firm level, Nordic Capital commits to maintaining zero absolute Scope 1 GHG emissions and reducing absolute Scope 2 GHG emissions by 42% by 2030, with a 100% reduction target by 2040. The company's portfolio targets cover 89% of its total investment and lending by invested capital as of 2022.