Nordic Investment Bank

Nordic Investment Bank's reported carbon emissions

The Nordic Investment Bank (NIB), headquartered in Finland, has set ambitious climate targets and reported its carbon emissions across Scope 1, 2, and 3. For the 2025 reporting year, NIB reported total emissions of approximately 1,549,000 kg CO2e. This figure comprises approximately 14,000 kg CO2e for Scope 1, and approximately 1,523,000 kg CO2e for Scope 3 emissions. Scope 2 emissions were reported as approximately 29,000 kg CO2e on a location-based basis for 2025. In 2024, total emissions stood at approximately 1,737,000 kg CO2e, with Scope 1 at approximately 18,000 kg CO2e and Scope 3 at approximately 1,703,000 kg CO2e. Scope 2 emissions for 2024 were approximately 41,000 kg CO2e (location-based). NIB's climate commitments include a target for a 58% reduction in Scope 1 and 2 emissions by 2030, using 2022 as the base year. For the 2025 reporting year, NIB achieved a 43% reduction against this target. Furthermore, NIB is committed to achieving net-zero emissions by 2050, aligning with the Paris Agreement. The bank's Scope 3 emissions breakdown for 2025 highlights business travel as a significant contributor, accounting for approximately 883,000 kg CO2e, followed by purchased goods and services at approximately 302,000 kg CO2e, and upstream leased assets at approximately 105,000 kg CO2e. NIB's emissions data is not cascaded from a parent organisation; the bank reports its own performance and targets.