Nordic Capital

Nordic Capital, a Swedish-based firm in the services auxiliary to financial intermediation industry, reported total carbon emissions of approximately 426.3 million kg CO2e in 2025. This includes Scope 1 emissions of 7,500 kg CO2e, Scope 2 market-based emissions of 54,700 kg CO2e, and Scope 3 emissions, notably 386.1 million kg CO2e from investments, 28.8 million kg CO2e from purchased goods and services, and 2.0 million kg CO2e from business travel.

For 2024, total emissions were approximately 407.1 million kg CO2e, with Scope 1 at 5,200 kg CO2e, Scope 2 market-based at 81,600 kg CO2e, and significant Scope 3 contributions including 368.1 million kg CO2e from investments and 36.5 million kg CO2e from purchased goods and services.

In 2023, the company reported total emissions of approximately 3.15 million kg CO2e, comprising Scope 2 emissions of 103,000 kg CO2e and Scope 3 emissions such as 2.85 million kg CO2e from business travel and 122,000 kg CO2e from purchased goods and services.

Nordic Capital has set several climate commitments. At the firm level, it commits to maintaining zero absolute Scope 1 GHG emissions. The company also aims to reduce absolute Scope 2 GHG emissions by 42% by 2030 and by 100% by 2040. For its portfolio, Nordic Capital commits to having 33.4% of eligible portfolio companies set SBTi validated targets by 2028, increasing to 100% by 2040. Nordic Capital has Science Based Targets initiative (SBTi) near-term targets classified as 1.5°C, covering its operations (Scopes 1 and 2) consistent with reductions needed to limit warming to 1.5°C by 2030. Their portfolio targets cover 89% of total investment and lending by invested capital as of 2022.