Norges Bank Investment Management (NBIM), headquartered in Oslo, Norway, is a prominent player in the financial intermediation services sector, specifically focusing on investment management. Established in 1998, NBIM manages the Government Pension Fund Global, one of the largest sovereign wealth funds in the world, with a commitment to responsible investment practices.
Operating primarily in Europe, North America, and Asia, NBIM is renowned for its strategic asset allocation and sustainable investment approach. The organisation's core services include equity and fixed-income investments, real estate, and infrastructure, distinguished by a focus on long-term value creation and ethical considerations. With a strong market position, NBIM has achieved notable milestones, including significant returns on investments and a commitment to transparency and governance, solidifying its reputation as a leader in the global investment landscape.
-3 vs industry average
Norges Bank Investment Management’s score of 32 is lower than 47% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Norges Bank Investment Management?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
Norges Bank Investment Management's reported carbon emissions
Norges Bank Investment Management (NBIM), headquartered in NO and operating within financial intermediation services, is committed to achieving net-zero emissions by 2050.
For the year 2022, NBIM reported total emissions of approximately 6.06 million kg CO2e. This included Scope 1 emissions of about 25,000 kg CO2e, Scope 2 emissions of approximately 649,000 kg CO2e (primarily from purchased electricity), and Scope 3 emissions totalling around 5.38 million kg CO2e. Within Scope 3, significant contributors were purchased goods and services (approximately 25.47 billion kg CO2e) and fuel and energy-related activities (approximately 18.60 billion kg CO2e).
In 2020, NBIM reported total emissions of approximately 2.65 million kg CO2e, with Scope 2 emissions from purchased electricity and heat contributing to this figure. In 2019, reported Scope 2 emissions were approximately 1.46 million kg CO2e. NBIM's equity portfolio carbon intensity was reported as 0.000135 units of CO2e per US dollar of revenue in 2022, and 0.133 in 2020.
NBIM aims for net-zero emissions across Scope 1 and Scope 2 by 2050. The organisation has disclosed upstream Scope 3 categories, but certain data points, such as purchased goods and services in 2020 and 2019, were noted as missing. NBIM's emissions data is not cascaded from a parent organisation, and it acts as the source organisation for its performance data.
Unlock detailed emission data
Access structured emission data, company specific factors and auditable source documents
Norges Bank Investment Management’s Climate Goals (2030 & 2050)
2 goals2050
Norges Bank aims to achieve net zero emissions by 2050
Norges Bank aims to achieve net zero emissions by 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
Already have an account? Sign in now
Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
Already have an account? Sign in now
Emissions comparison with industry peers
View similar organisations
Norges Bank Investment Management
Usage policy
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.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn moreCurious to see your top suppliers emissions?
Book a demo for a pilot project