Norfund

Norfund, based in Norway and operating in other business services, demonstrates its commitment to climate action through reported emissions and significant project-based avoidance.

In 2025, Norfund reported Scope 1 emissions of approximately 1,009,000 kg CO2e and Scope 3 investments totalling approximately 10,300,000,000 kg CO2e. For 2024, the organisation's total reported emissions were around 952,000 kg CO2e, comprising approximately 1,140,000 kg CO2e from Scope 1, 56,000 kg CO2e from Scope 2, and 896,000 kg CO2e from Scope 3. In 2023, Norfund's total reported emissions were approximately 998,000 kg CO2e, including 67,000 kg CO2e from Scope 2 and 931,000 kg CO2e from Scope 3. Scope 1 data was not disclosed for 2023. Looking further back, in 2022, Norfund reported Scope 3 emissions from investments of approximately 4,385,000,000 kg CO2e, and in 2020, these Scope 3 investments were around 16,805,700,000 kg CO2e.

Norfund has a climate-neutral classification for its near-term timeframe and all scopes. A key initiative for Norfund's climate commitments is their financing of projects that avoid greenhouse gas emissions. In 2023, Norfund financed five climate-focused projects estimated to avoid 8.5 million tonnes of CO2e emissions annually once operational.