Norfund
Norfund, officially known as the Norwegian Investment Fund for Developing Countries, is headquartered in Oslo, Norway. Established in 1997, Norfund focuses on fostering sustainable economic growth in developing regions, particularly in Africa, Asia, and Latin America. As a prominent player in the impact investment sector, the fund primarily invests in renewable energy, financial institutions, and agribusiness, aiming to create jobs and improve living conditions. Norfund's unique approach combines financial returns with social impact, making it a leader in responsible investment. With a strong commitment to sustainability, the fund has achieved significant milestones, including substantial investments in clean energy projects that contribute to climate resilience. Recognised for its strategic partnerships and innovative financing solutions, Norfund continues to enhance its market position as a catalyst for development in emerging economies.
DitchCarbon Score
How does Norfund'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 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
Norfund's score of 20 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Norfund's reported carbon emissions
In 2023, Norfund reported total carbon emissions of approximately 998,000 kg CO2e. This figure includes 67,000 kg CO2e from Scope 2 emissions and 931,000 kg CO2e from Scope 3 emissions, with no reported Scope 1 emissions. The previous year, 2022, saw significantly higher emissions, totalling about 8,000,000 kg CO2e, comprised of 2,000,000 kg CO2e from Scope 2 and 6,000,000 kg CO2e from Scope 3, primarily driven by business travel (5,700,000 kg CO2e). Despite these figures, Norfund has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate pledges or science-based targets suggests a need for further commitment to climate action. As a leading investment fund based in Norway, Norfund's emissions profile highlights the importance of addressing carbon emissions, particularly in the context of global climate commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 2,000,000 | 00,000 |
| Scope 3 | 6,000,000 | 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.
Norfund is not committed to any 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.
