Nordic Capital

Nordic Capital, headquartered in Sweden and operating within the Services auxiliary to financial intermediation sector (67), has demonstrated a commitment to reducing its environmental impact.

Emissions Data:

• 2025: Total emissions were approximately 31.23 million kg CO2e. This included approximately 7.5 tonnes of Scope 1 emissions, about 54.7 tonnes of Scope 2 emissions (market-based), and approximately 38.61 thousand tonnes of Scope 3 emissions, with significant contributions from investments, purchased goods and services, and business travel.
• 2024: Total emissions stood at approximately 38.9 million kg CO2e. Scope 1 emissions were around 5.2 tonnes, Scope 2 emissions (market-based) were about 81.6 tonnes, and Scope 3 emissions totalled approximately 36.81 thousand tonnes, with investments and purchased goods and services being the largest contributors.
• 2023: Total emissions were approximately 3.15 million kg CO2e, primarily comprising Scope 2 emissions of about 103 tonnes and Scope 3 emissions of approximately 2.85 million kg CO2e, dominated by business travel.
• 2022: Total emissions amounted to approximately 1.47 million kg CO2e, with Scope 2 emissions of about 121 tonnes and Scope 3 emissions of approximately 1.12 million kg CO2e, largely from business travel.
• 2021: Scope 3 emissions were approximately 378,000 kg CO2e from business travel, alongside other Scope 3 categories.
• 2020: Scope 3 emissions were approximately 739,000 kg CO2e from business travel, with additional emissions from other Scope 3 categories.
• 2019: Total emissions were approximately 3.83 million kg CO2e, with about 198 tonnes of Scope 2 emissions and approximately 3.25 million kg CO2e from Scope 3 emissions, predominantly from business travel.

Climate Commitments and Reduction Targets:

Nordic Capital has established several ambitious climate targets:

• Net-Zero Commitment: The firm is committed to maintaining zero absolute Scope 1 greenhouse gas emissions.
• Scope 2 Reduction: A reduction of 42% in absolute Scope 2 greenhouse gas emissions is targeted by 2030, with a long-term goal of a 100% reduction by 2040.
• Portfolio Targets: Nordic Capital commits to having 33.4% of its eligible portfolio setting Science Based Targets initiative (SBTi) validated targets by 2028, with a goal of 100% by 2040.
• SBTi Validation: For its own operations (Scopes 1 and 2), Nordic Capital's targets are consistent with reductions required to keep warming to 1.5°C, with near-term targets set for 2030. The firm's portfolio targets cover approximately 89% of its total investment and lending by invested capital as of 2022.