Norges Bank Investment Management
Norges Bank Investment Management (NBIM), a key entity of Norway's central bank, is headquartered in Oslo and operates primarily in Europe, North America, and Asia. Established in 1998, NBIM manages the Government Pension Fund Global, one of the largest sovereign wealth funds in the world, with a focus on sustainable and responsible investment practices. NBIM's core services include asset management across various asset classes, including equities, fixed income, and real estate. Its unique approach emphasises long-term value creation and ethical investment, setting it apart in the competitive investment landscape. With a strong commitment to transparency and sustainability, Norges Bank Investment Management has achieved notable recognition for its performance and governance, solidifying its position as a leader in the global investment community.
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 62% 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 significant carbon emissions, with a total of approximately 87.4 million tonnes CO2e from Scope 1 and 2 emissions. Additionally, Scope 3 emissions were substantial, amounting to about 25.5 billion tonnes CO2e from purchased goods and services and approximately 18.6 billion tonnes CO2e from fuel and energy-related activities. Despite these figures, there are currently no specific reduction targets or commitments outlined by Norges Bank Investment Management. The organisation has not established formal reduction initiatives or climate pledges, indicating a potential area for future development in their climate strategy. Overall, while the emissions data highlights the scale of their carbon footprint, the absence of defined reduction targets suggests that Norges Bank Investment Management may need to enhance its climate commitments to align with industry standards and expectations.
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Add to project2022 | |
|---|---|
| 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.
