Norvestor Sustainability Profile
Norvestor, officially known as Norvestor Equity, is a prominent private equity firm headquartered in Norway. Established in 1997, the firm has built a strong reputation in the Nordic region, focusing on investments across various sectors, including technology, healthcare, and consumer goods. With a commitment to fostering growth in its portfolio companies, Norvestor offers a unique blend of strategic guidance and operational expertise. The firm is recognised for its ability to identify and nurture high-potential businesses, positioning itself as a leader in the private equity landscape. Notable achievements include a series of successful exits and a robust track record of delivering value to investors. Norvestor continues to play a pivotal role in shaping the future of the Nordic investment scene, leveraging its extensive network and industry knowledge.
DitchCarbon Score
How does Norvestor'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
Norvestor's score of 63 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Norvestor's reported carbon emissions
In 2024, Norvestor reported total carbon emissions of approximately 710.5 million kg CO2e, comprising 42.1 million kg CO2e from Scope 1, 13.0 million kg CO2e from Scope 2, and a significant 655.4 million kg CO2e from Scope 3 emissions, primarily attributed to business travel. This represents a decrease from 2023, where total emissions were approximately 881.5 million kg CO2e, with similar contributions from the respective scopes. Norvestor has set ambitious climate commitments, aiming for a 50% reduction in carbon intensity by 2030, relative to 2018 levels. Additionally, the company is committed to achieving climate neutrality across all scopes by 2035 and aims for a net-zero carbon footprint by 2050. Specific targets include a 42% reduction in Scope 1 and 2 emissions and a 25% reduction in Scope 3 emissions by 2030, using 2022 as the baseline year. These initiatives reflect Norvestor's proactive approach to addressing climate change and reducing its carbon footprint, aligning with industry standards and expectations for sustainability.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 8,629,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 5,340,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,649,000 | - | - | - | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is Norvestor's Industry?
How Carbon Intensive is Norvestor's Location?
Norvestor's Scope 3 Categories Breakdown
Norvestor's Scope 3 emissions, which decreased by 20% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Norvestor'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.
Norvestor 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.
