OP Financial Group
OP Financial Group, headquartered in Finland (FI), is a leading cooperative financial services provider established in 1902. With a strong presence across the Nordic region, OP Financial Group operates primarily in the banking, insurance, and asset management sectors. The organisation is renowned for its customer-centric approach, offering a diverse range of products including personal and business banking services, life and non-life insurance, as well as investment solutions. What sets OP Financial Group apart is its commitment to cooperative principles, ensuring that profits are reinvested for the benefit of its members. Over the years, the group has achieved significant milestones, solidifying its position as a trusted financial partner in Finland. With a focus on innovation and sustainability, OP Financial Group continues to lead the market, providing tailored financial solutions that meet the evolving needs of its customers.
DitchCarbon Score
How does OP Financial Group'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
OP Financial Group's score of 54 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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OP Financial Group's reported carbon emissions
In 2024, OP Financial Group reported total carbon emissions of approximately 4,667,928,000 kg CO2e. This figure includes Scope 1 emissions of about 339,000 kg CO2e, Scope 2 emissions of approximately 23,000 kg CO2e (market-based), and a significant Scope 3 contribution of around 4,667,566,000 kg CO2e. The Scope 3 emissions are primarily driven by investments (approximately 4,358,372,000 kg CO2e) and business travel (about 3,723,000 kg CO2e). In 2023, the group's emissions were lower, with total emissions of approximately 7,156,000 kg CO2e from Scope 1 and Scope 2 combined, indicating a focus on reducing direct and indirect emissions. The previous years also show a consistent effort to monitor and report emissions across all scopes, with disclosed emissions for 2022 at approximately 14,585,000 kg CO2e for Scope 2 (location-based) and 332,000 kg CO2e for Scope 1. Despite the substantial emissions figures, OP Financial Group has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in initiatives like the Science Based Targets initiative (SBTi). Their emissions data is self-reported and not cascaded from any parent organization, ensuring that the figures reflect their direct operations and activities. Overall, OP Financial Group's emissions profile highlights the importance of addressing Scope 3 emissions, which constitute the majority of their carbon footprint, while also indicating a need for more defined climate action strategies moving forward.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 48,000 | 00,000 | 00,000 | 00,000 | 00,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 20,918,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000 |
| Scope 3 | 7,186,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 0,000,000,000 |
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.
OP Financial Group is not participating in any of the initiatives that 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.
