Norges Bank Investment Management
Norges Bank Investment Management (NBIM), a prominent entity within the financial sector, is headquartered in Oslo, Norway. Established in 1998, NBIM is responsible for managing the Government Pension Fund Global, one of the largest sovereign wealth funds in the world. The organisation operates primarily in Europe, North America, and Asia, focusing on investment management across various asset classes, including equities, fixed income, and real estate. NBIM's unique approach combines a long-term investment strategy with a commitment to responsible investment practices, setting it apart in the industry. With a strong emphasis on sustainability and ethical governance, the fund has achieved notable milestones, including significant returns that contribute to Norway's wealth. As a leader in the sovereign wealth fund space, Norges Bank Investment Management continues to influence global investment trends while prioritising financial stability and growth.
DitchCarbon Score
How does Norges Bank Investment Management'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 Investment Management's score of 28 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 Investment Management's reported carbon emissions
In 2022, Norges Bank Investment Management reported total emissions of approximately 87,401,615,000 kg CO2e from Scope 1 and 2 sources, alongside significant Scope 3 emissions of about 25,468,783,000 kg CO2e from purchased goods and services, and approximately 18,601,752,000 kg CO2e from fuel and energy-related activities. Despite these substantial figures, there are currently no disclosed reduction targets or initiatives aimed at decreasing emissions. The organisation has not committed to any specific climate pledges or Science Based Targets Initiative (SBTi) reduction targets, indicating a potential area for future development in their climate strategy. Norges Bank Investment Management's approach to carbon emissions reflects the broader industry context, where financial institutions are increasingly scrutinised for their environmental impact and are expected to adopt more robust climate commitments.
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| 2022 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 44,070,535,000 |
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 Investment Management 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.
