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OrganisationsNorfund
Norfund logo

Norfund

Business ServicesNorway
Last verified 2 months agonorfund.no

Norfund, officially known as the Norwegian Investment Fund for Developing Countries, is headquartered in Norway (NO) and operates primarily in Africa, Asia, and Latin America. Established in 1997, Norfund focuses on promoting sustainable business development in emerging markets, making significant strides in the field of other business services (74).

The fund invests in various sectors, including renewable energy, financial institutions, and agribusiness, with a unique emphasis on fostering local entrepreneurship and job creation. Norfund's commitment to responsible investment has positioned it as a leader in the development finance sector, achieving notable milestones such as substantial returns on investments that contribute to economic growth in developing regions. Through its strategic initiatives, Norfund continues to play a pivotal role in enhancing the socio-economic landscape of the markets it serves.

51
DitchCarbon score

+18 vs industry average

Norfund’s score of 51 is higher than 67% 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

Low

Business Services has below-average carbon intensity

Industry performance

0.146
20182025

The Business Services industry has reduced its overall emissions by 25% since 2018

Emissions trajectory 2020 – 2028

00.0B00.0B0.0B0.0B0

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202020212022202320242025202620272028

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Norfund's reported carbon emissions

Norfund, a Norway-based entity in the 'Other business services (74)' sector, has disclosed its carbon emissions and climate commitments.

Emissions Data:

  • 2025: Norfund reported Scope 1 emissions of approximately 1,009,000 kg CO2e and Scope 3 emissions of approximately 10,300,000,000 kg CO2e. Their combined Scope 1 and 2 emissions totalled approximately 330,234,000 kg CO2e. Scope 2 data was not specified.
  • 2024: Total emissions for 2024 were approximately 952,000 kg CO2e. This comprised Scope 1 emissions of approximately 1,140,000 kg CO2e, Scope 2 emissions of approximately 56,000 kg CO2e, and Scope 3 emissions of approximately 896,000 kg CO2e.
  • 2023: Norfund's emissions for 2023 were approximately 998,000 kg CO2e. This consisted of Scope 1 emissions of 0 kg CO2e, Scope 2 emissions of approximately 67,000 kg CO2e, and Scope 3 emissions of approximately 931,000 kg CO2e.
  • 2022: Scope 3 emissions from investments were approximately 4,385,000,000 kg CO2e. Scope 1 and Scope 2 data were not disclosed for this year.
  • 2020: Scope 3 emissions from investments were approximately 16,805,700,000 kg CO2e. Scope 1 and Scope 2 data were not disclosed for this year.

Climate Commitments and Reduction Initiatives:

Norfund is committed to climate action, with a focus on its investments. In 2023, the organisation financed five projects under its climate mandate. These projects are estimated to avoid approximately 8.5 million tonnes of CO2e emissions annually once operational. This initiative is part of their near-term commitment to achieve climate neutrality across all scopes by 2026.

Norfund's reporting indicates a significant portion of its emissions fall under Scope 3, particularly related to its investments. The company has identified missing data points for Scope 3 categories including purchased goods and services, business travel, and employee commute, suggesting ongoing efforts to refine its emissions accounting.

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Norfund’s Climate Goals (2030 & 2050)

1 goal

2026

In 2023, Norfund financed five projects under the climate ma…

In 2023, Norfund financed five projects under the climate mandate that, when operational, are estimated to avoid 8.5 million tons of CO2e em…

Behind target0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

See all 1 climate goals

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Scope 3 top emissions categories

1 of 15 categories disclosed
Investments100%
Investments100%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Not active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Norfund logoNorfund
NOBusiness Services
2 months ago
51
Eib logoEib
LUFinancial Intermediation
6 days ago
51
View
Kfw logoKfw
DEFinancial Intermediation
7 days ago
48
View
British International Investment logoBritish International Investment
GBServices Auxiliary to Financial Intermediation
3 hours ago
39
View
Triodos Investment Management logoTriodos Investment Management
NLServices Auxiliary to Financial Intermediation
2 days ago
37
View
International Finance Corporation logoInternational Finance Corporation
USFinancial Intermediation
3 days ago
34
View
World Bank logoWorld Bank
USFinancial Intermediation
6 hours ago
30
View

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You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.

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Ditchcarbonv260716.3
[email protected]+44 203 475 7875

Ditch Carbon Ltd

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London W1W 5PF

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