Northzone Ventures Sustainability Profile
Northzone Ventures, often referred to simply as Northzone, is a prominent venture capital firm headquartered in Norway. Established in 1996, Northzone has made significant strides in the technology and digital sectors, focusing on early-stage investments across Europe and the United States. With a strong emphasis on innovative startups, Northzone has backed notable companies in various industries, including fintech, e-commerce, and software. Their unique approach combines deep industry expertise with a commitment to nurturing entrepreneurial talent, setting them apart in the competitive venture capital landscape. Over the years, Northzone has achieved a remarkable market position, recognised for its successful portfolio and strategic partnerships. The firm continues to play a pivotal role in shaping the future of technology-driven businesses, making it a key player in the venture capital arena.
DitchCarbon Score
How does Northzone Ventures'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 Funds, trusts, and financial vehicles 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
Northzone Ventures's score of 34 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Northzone Ventures's reported carbon emissions
In 2023, Northzone Ventures reported total carbon emissions of approximately 154,009,000 kg CO2e. This figure includes 334,000 kg CO2e from Scope 1 emissions, 55,000 kg CO2e from Scope 2 emissions, and a significant 153,620,000 kg CO2e from Scope 3 emissions. Comparatively, in 2022, the total emissions were about 205,395,000 kg CO2e, with Scope 1 at 172,000 kg CO2e, Scope 2 at 46,000 kg CO2e, and Scope 3 at 205,177,000 kg CO2e. This indicates a reduction in total emissions of approximately 51,386,000 kg CO2e year-on-year. In 2021, the total emissions were around 188,385,000 kg CO2e, with similar distributions across the scopes. Despite these reductions, Northzone Ventures has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The organisation's emissions data is not cascaded from any parent company, reflecting its independent reporting status. Overall, while Northzone Ventures has made strides in reducing its carbon footprint, further commitments and structured reduction targets would enhance its climate strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 260,000 | 000,000 | 000,000 |
| Scope 2 | 48,000 | 00,000 | 00,000 |
| Scope 3 | 188,077,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Northzone Ventures's Industry?
How Carbon Intensive is Northzone Ventures's Location?
Northzone Ventures's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Northzone Ventures has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
