Nordic Investment Bank

The Nordic Investment Bank (NIB), headquartered in Finland, is a financial institution engaged in intermediation services.

Carbon Emissions Data:

• 2025: NIB reported total emissions of approximately 1,549,000 kg CO2e. This included Scope 1 emissions of about 14,000 kg CO2e and Scope 3 emissions of approximately 1,523,000 kg CO2e. Scope 2 data for 2025 indicates total location-based emissions of 29,000 kg CO2e.
• 2024: Total emissions for 2024 were around 1,737,000 kg CO2e. Scope 1 emissions were approximately 18,000 kg CO2e, and Scope 3 emissions were about 1,703,000 kg CO2e. Scope 2 location-based emissions were 41,000 kg CO2e.
• 2023: In 2023, NIB's total emissions were approximately 1,222,000 kg CO2e. Scope 1 emissions were reported as 17,000 kg CO2e, with Scope 3 emissions at about 1,190,000 kg CO2e. Scope 2 location-based emissions were 45,000 kg CO2e.
• 2022: Total emissions for 2022 were approximately 972,000 kg CO2e. Scope 1 emissions were around 13,000 kg CO2e, and Scope 3 emissions totalled about 927,000 kg CO2e. Scope 2 location-based emissions were 80,000 kg CO2e, with market-based emissions at 16,000 kg CO2e.
• 2021: NIB reported total emissions of 765,000 kg CO2e in 2021. Scope 1 emissions were approximately 15,000 kg CO2e, and Scope 3 emissions were about 718,000 kg CO2e. Scope 2 location-based emissions were 185,000 kg CO2e, with market-based emissions at 18,000 kg CO2e.
• 2020: Total emissions in 2020 were approximately 803,000 kg CO2e, comprising 14,000 kg CO2e for Scope 1 and 761,000 kg CO2e for Scope 3. Scope 2 location-based emissions were 409,000 kg CO2e, and market-based emissions were 29,000 kg CO2e.
• 2019: In 2019, NIB's total emissions were around 1,378,000 kg CO2e. Scope 1 emissions were approximately 16,000 kg CO2e, and Scope 3 emissions were about 1,007,000 kg CO2e. Scope 2 location-based emissions were 181,000 kg CO2e, with market-based emissions at 18,000 kg CO2e.
• 2018: Total emissions for 2018 were approximately 1,388,000 kg CO2e, with Scope 1 emissions at 11,000 kg CO2e and Scope 3 emissions at about 1,033,000 kg CO2e. Scope 2 location-based emissions were 179,000 kg CO2e, and market-based emissions were 18,000 kg CO2e.

Climate Commitments and Reduction Initiatives:

The Nordic Investment Bank has set ambitious climate targets. They are committed to achieving net-zero emissions by 2050, aligning with the Paris Agreement. NIB has revised its near-term targets, aiming for a 58% reduction in Scope 1 and 2 emissions by 2030, using 2022 as the base year. In 2025, NIB reported achieving a 43% reduction in Scope 1+2 emissions against this baseline. The bank's Science Based Targets initiative (SBTi) commitment includes coverage targets for its lending and investment portfolio, aiming to align with 1.5°C pathways. Their portfolio targets cover a significant portion of total lending and investments by financed emissions.