Public Profile

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.

8

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.

13

Industry Benchmark

Norges Bank Investment Management's score of 8 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.

68%

Norges Bank Investment Management's reported carbon emissions

In 2022, Norges Bank Investment Management reported total carbon 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 documented reduction targets or climate pledges in place. The organisation's carbon intensity, weighted by the market value of fund holdings, indicates a value of 0.135 kg CO2e per USD of revenue for Scope 1 and 2 emissions. Norges Bank Investment Management's commitment to addressing climate change is evident, although specific reduction initiatives or targets have not been disclosed. The focus remains on understanding and managing their carbon footprint within the context of their investment portfolio.

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2022
Scope 1
-
Scope 2
-
Scope 3
44,070,535,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Norges Bank Investment Management's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Norges Bank Investment Management is headquartered in NO, which has a rank of very low, indicating very low grid carbon 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers