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 34 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nordic Investment Bank's reported carbon emissions
In 2022, Nordic Investment Bank (NIB) reported total carbon emissions of approximately 972,000 kg CO2e, with Scope 1 emissions at 13,000 kg CO2e, Scope 2 emissions at 33,000 kg CO2e, and a significant 927,000 kg CO2e from Scope 3 emissions. The bank has set ambitious targets to reduce its Scope 1 and 2 emissions by 58% by 2030, using 2022 as the base year. This commitment reflects a revision from an earlier target of 35%. Furthermore, NIB aims to achieve net-zero emissions across all scopes by 2050, aligning with the Paris Agreement. NIB's climate strategy includes a focus on financed emissions, with portfolio targets covering 71% of total lending and investments as of 2022. The bank's initiatives are consistent with the reductions required to limit global warming to 1.5°C. The bank's carbon footprint per million EUR invested in its lending portfolio is approximately 0.000062 tCO2e, indicating a commitment to sustainable financing practices. Overall, NIB is actively working towards significant emissions reductions and has established a framework for accountability and transparency in its climate commitments.
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| 2022 | |
|---|---|
| Scope 1 | 13,000 |
| Scope 2 | 33,000 |
| Scope 3 | 927,000 |
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 participating in some of the initiatives that 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.
