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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.
35
DitchCarbon score
-2 vs industry average
Norges Bank Investment Management’s score of 35 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Norges Bank Investment Management's reported carbon emissions
Norges Bank Investment Management, a financial intermediation services company based in Norway, reported its 2022 carbon emissions totalling approximately 6.06 million kg CO2e. This includes Scope 1 emissions of about 25,000 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 649,000 kg CO2e, largely from purchased electricity. Scope 3 emissions in 2022 were approximately 5.38 million kg CO2e, with significant contributions from purchased goods and services and business travel.
Looking back, in 2020, Norges Bank Investment Management reported Scope 2 emissions of approximately 1.16 million kg CO2e (69,000 kg CO2e from purchased heat and 1.09 million kg CO2e from purchased electricity). In 2019, Scope 2 emissions were approximately 1.46 million kg CO2e (154,000 kg CO2e from purchased heat and 1.31 million kg CO2e from purchased electricity).
Norges Bank Investment Management has committed to achieving net-zero emissions by 2050 for its Scope 1 and Scope 2 emissions.
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Norges Bank Investment Management’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Norges Bank Investment Management7 months ago
35
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