Norges Bank Investment Management

Norges Bank Investment Management, a financial intermediation services provider based in Norway, reported its 2022 carbon emissions. In 2022, the company's total emissions were approximately 6.06 million kg CO2e. This included about 25,000 kg CO2e from Scope 1 emissions, which encompasses direct emissions, and roughly 649,000 kg CO2e from Scope 2 emissions, related to purchased electricity and heat. Scope 3 emissions, covering indirect emissions from the value chain, were approximately 5.38 million kg CO2e, including about 156,000 kg CO2e from business travel and approximately 40,000 kg CO2e from waste generated in operations.

Looking back, in 2020, Norges Bank Investment Management reported total emissions of approximately 2.65 million kg CO2e, with Scope 2 emissions accounting for about 1.16 million kg CO2e (comprising approximately 69,000 kg CO2e from purchased heat and 1.09 million kg CO2e from purchased electricity). In 2019, total emissions were about 4.28 million kg CO2e, with Scope 2 emissions being approximately 1.46 million kg CO2e (about 154,000 kg CO2e from purchased heat and 1.31 million kg CO2e from purchased electricity). Data for 2021 was not disclosed.

Norges Bank Investment Management has committed to achieving net-zero Scope 1 and Scope 2 emissions by 2050, as stated in their 2020 annual report.