Norges Bank
Norges Bank, the central bank of Norway, is headquartered in Oslo, NO, and plays a pivotal role in the country's financial landscape. Established in 1816, it has a rich history marked by significant milestones, including the management of Norway's monetary policy and foreign exchange reserves. Operating primarily within the banking and finance industry, Norges Bank is renowned for its core services, which include the issuance of currency, management of the Government Pension Fund Global, and oversight of the national payment system. Its unique approach to sustainable investment sets it apart in the global market. With a strong market position, Norges Bank is recognised for its commitment to economic stability and transparency, making it a key player in both national and international finance.
DitchCarbon Score
How does Norges Bank'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 Financial Intermediation 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
Norges Bank's score of 13 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Norges Bank's reported carbon emissions
In 2022, Norges Bank reported total carbon emissions of approximately 6,056,000 kg CO2e. This figure includes 16,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 646,000 kg CO2e from Scope 2 emissions, which are mainly attributed to purchased electricity. The majority of their emissions, about 5,331,000 kg CO2e, fall under Scope 3, with business travel being a significant contributor. In 2021, the total emissions were approximately 1,433,000 kg CO2e, with Scope 1 emissions at 15,000 kg CO2e and Scope 2 emissions at 656,000 kg CO2e. Scope 3 emissions for that year were around 724,000 kg CO2e. The emissions decreased significantly from 2019, when total emissions were about 9,667,000 kg CO2e. Despite these figures, Norges Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's focus appears to be on monitoring and reporting emissions across all scopes, but further details on proactive measures or commitments to reduce emissions are not available.
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Add to project| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 20,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 1,464,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | 2,760,000 | 0,000,000 | 000,000 | 0,000,000 |
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.
Norges Bank 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.
