Nordic Green Bank
Nordic Green Bank, officially known as the Nordic Environment Finance Corporation (NEFCO), is headquartered in Finland (FI) and operates primarily across the Nordic and Baltic regions. Established in 1990, NEFCO has been at the forefront of financing environmental projects, focusing on sustainable development and green investments. The bank's core services include providing loans, equity investments, and guarantees for projects that promote environmental sustainability. NEFCO distinguishes itself through its commitment to innovative financing solutions that support climate-friendly initiatives. With a strong market position, it has successfully funded numerous projects that contribute to reducing greenhouse gas emissions and enhancing energy efficiency. Recognised for its impactful contributions to the green finance sector, Nordic Green Bank continues to play a pivotal role in advancing sustainable practices across various industries.
DitchCarbon Score
How does Nordic Green 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
Nordic Green Bank's score of 19 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nordic Green Bank's reported carbon emissions
In 2023, Nordic Green Bank reported total carbon emissions of approximately 239,800 kg CO2e. This figure includes 10,100 kg CO2e from Scope 2 emissions, primarily from purchased electricity, and a significant 229,800 kg CO2e from Scope 3 emissions, which encompasses business travel (180,200 kg CO2e) and purchased goods and services (41,200 kg CO2e). The bank's emissions have fluctuated over recent years, with a notable increase from 2022, where total emissions were about 515,400 kg CO2e. In 2021, emissions were approximately 132,600 kg CO2e, and in 2020, they stood at 70,600 kg CO2e. Notably, Scope 1 emissions have consistently remained at zero. Despite these figures, Nordic Green Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's emissions profile highlights the importance of addressing Scope 3 emissions, particularly from business travel and procurement, to enhance its overall climate strategy.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | 26,400 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 44,200 | 000,000 | 000,000 | 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.
Nordic Green Bank is not committed to any reduction initiatives 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.
