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 Business Services 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 42 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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, while Scope 3 emissions accounted for a significant 931,000 kg CO2e. Notably, Norfund did not report any Scope 1 emissions for this year. Comparatively, in 2022, Norfund's total emissions were about 3,000,000 kg CO2e, with Scope 2 emissions at 1,000,000 kg CO2e and Scope 3 emissions at 2,000,000 kg CO2e, which included 1,500,000 kg CO2e from business travel and 500,000 kg CO2e from waste generated in operations. This indicates a substantial reduction in total emissions from 2022 to 2023. Norfund has committed to long-term climate initiatives, financing five projects under its climate mandate in 2023. These projects are estimated to avoid about 8.5 million tonnes CO2e emissions annually once operational, contributing to their overarching goal of achieving net-zero emissions across all scopes by 2026. Norfund's emissions data is not cascaded from any parent organization, and all reported figures are derived directly from their own assessments.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 1,000,000 | 00,000 |
| Scope 3 | 2,000,000 | 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 participating in any 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.
