Nordic Investment Bank
The Nordic Investment Bank (NIB), headquartered in Finland (FI), is a prominent multilateral financial institution established in 1975. Serving the Nordic and Baltic regions, NIB focuses on sustainable development by financing projects that enhance productivity and environmental sustainability. With a strong emphasis on infrastructure, energy, and innovation, NIB offers a range of financial products, including loans and guarantees, tailored to meet the needs of both public and private sectors. Its unique approach combines financial expertise with a commitment to sustainability, positioning NIB as a leader in the development finance industry. Over the years, NIB has achieved significant milestones, reinforcing its reputation as a reliable partner for projects that contribute to economic growth and environmental stewardship in the region.
DitchCarbon Score
How does Nordic Investment 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 Investment Bank's score of 19 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nordic Investment Bank's reported carbon emissions
In 2023, Nordic Investment Bank (NIB) reported total carbon emissions of approximately 1,190,000 kg CO2e. This figure includes Scope 1 emissions of about 17,000 kg CO2e, Scope 2 emissions of around 15,000 kg CO2e, and significant Scope 3 emissions totalling approximately 1,190,000 kg CO2e. The Scope 3 emissions breakdown reveals major contributions from business travel (about 582,000 kg CO2e) and purchased goods and services (approximately 212,000 kg CO2e). Over the years, NIB has made notable progress in reducing its overall emissions. From 2018 to 2023, total emissions decreased from about 1,388,000 kg CO2e to 1,190,000 kg CO2e, reflecting a significant reduction in carbon footprint. Specifically, emissions dropped from approximately 1,378,000 kg CO2e in 2019 and 804,000 kg CO2e in 2020, to 765,000 kg CO2e in 2021 and 765,000 kg CO2e in 2022. NIB is committed to climate action, having established near-term reduction targets, although it has not yet committed to a net-zero target. The bank operates within the financial sector in Finland and is actively working towards enhancing its sustainability practices.
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Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 11,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 343,000 | 000,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 1,033,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
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 Investment Bank is committed to some 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.
