Norfund

Norfund, an organisation in the 'Other business services' industry based in Norway, has disclosed its carbon emissions and climate commitments.

For 2025, Norfund reported Scope 1 emissions of 1,009,000 kg CO2e and Scope 3 emissions from investments totalling 10,300,000,000 kg CO2e. There are missing data points for Scope 3 categories including purchased goods and services, business travel, and employee commute for this year.

In 2024, Norfund's Scope 1 emissions were 1,140,000 kg CO2e, Scope 2 emissions were 56,000 kg CO2e, and Scope 3 emissions amounted to 896,000 kg CO2e. The total reported emissions for 2024 were 952,000 kg CO2e. Again, certain Scope 3 categories, specifically purchased goods and services, business travel, and employee commute, were not disclosed.

For 2023, the organisation reported Scope 2 emissions of 67,000 kg CO2e and Scope 3 emissions of 931,000 kg CO2e. Scope 1 emissions were reported as 0 kg CO2e. The total reported emissions for 2023 were 998,000 kg CO2e. Similar to previous years, some Scope 3 categories were not available.

In 2022, Norfund disclosed Scope 3 emissions from investments of 4,385,000,000 kg CO2e. Scope 1 and 2 data were not reported for this year.

For 2020, Norfund's Scope 3 emissions from investments were 16,805,700,000 kg CO2e, with no Scope 1 or 2 data available.

Norfund has committed to supporting climate action through its investments. In 2023, the organisation financed five projects under its climate mandate, which are estimated to avoid 8.5 million metric tons of CO2e emissions annually once operational. This initiative contributes towards achieving climate neutrality across all scopes in the near term, with the target year set for 2023.