Nordic Investment Bank (NIB), headquartered in Finland (FI), is a prominent player in the financial intermediation services sector, specifically focusing on services excluding insurance and pension funding (65). Established in 1975, NIB has built a strong reputation for supporting sustainable growth in the Nordic and Baltic regions, providing financing solutions that promote environmental and social sustainability.
NIB's core offerings include loans, guarantees, and advisory services tailored to public and private sector projects. What sets NIB apart is its commitment to financing projects that enhance the competitiveness of its member countries while addressing climate change challenges. With a robust market position, NIB has achieved notable milestones, including a strong credit rating and a diverse portfolio that underscores its role as a key financial partner in the region.
+40 vs industry average
Nordic Investment Bank’s score of 77 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Nordic Investment Bank's reported carbon emissions
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.
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Nordic Investment Bank’s Climate Goals (2030 & 2050)
4 goals2030
58% reduction in Scope 2
we revised our climate targets to increase the ambition from 35% to 58% reduction in Scope 1+2 emissions by 2030 from 2022 base year.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 4 climate goals
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Nordic Investment Bank
Frequently asked questions
Common questions about Nordic Investment Bank’s sustainability data and climate commitments
Data year: 2025
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