Nordic Investment Bank Sustainability Profile
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 53 is higher than 72% 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 2024, Nordic Investment Bank (NIB) reported total carbon emissions of approximately 1,737,000 kg CO2e. This figure includes Scope 1 emissions of about 18,000 kg CO2e, Scope 2 emissions of approximately 16,000 kg CO2e (market-based) and 312,000 kg CO2e (location-based), and significant Scope 3 emissions totalling around 1,703,000 kg CO2e. The latter includes major contributions from business travel (about 1,004,000 kg CO2e) and purchased goods and services (approximately 210,000 kg CO2e). NIB has set ambitious climate commitments, aiming for a 58% reduction in Scope 1 and 2 emissions by 2030, using 2022 as the base year. Additionally, the bank is committed to achieving net-zero emissions across all scopes by 2050, aligning with the Paris Agreement. As of 2022, NIB's portfolio targets cover 71% of its total lending and investments by financed emissions, with required activities making up 100% of its total lending and investment emissions. These targets reflect NIB's commitment to addressing climate change and reducing its carbon footprint, positioning itself as a responsible financial institution in the global effort to combat climate change.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 11,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 18,000 | 00,000 | 00,000 | 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 | 0,000,000 |
How Carbon Intensive is Nordic Investment Bank's Industry?
How Carbon Intensive is Nordic Investment Bank's Location?
Nordic Investment Bank's Scope 3 Categories Breakdown
Nordic Investment Bank's Scope 3 emissions, which increased by 43% last year and increased by approximately 65% since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 59% of Scope 3 emissions.
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Nordic Investment Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Nordic Investment Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Nordic Investment Bank's sustainability data and climate commitments