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Financial Intermediation
FI
updated 16 days ago

OP Financial Group

Company website

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.

54

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.

30

Industry Benchmark

OP Financial Group's score of 54 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.

73%

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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 total 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 Scope 1 at approximately 282,000 kg CO2e and Scope 2 at about 7,156,000 kg CO2e. Notably, OP Financial Group has not set specific reduction targets or initiatives as part of their climate commitments, and there are no emissions data cascaded from a parent organization. The company has disclosed emissions across all relevant scopes (1, 2, and 3) and continues to monitor its carbon footprint, although it has not established formal reduction targets through initiatives like the Science Based Targets initiative (SBTi). OP Financial Group's commitment to transparency in emissions reporting reflects its awareness of the importance of addressing climate change within the financial sector.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20172018201920202021202220232024
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. OP Financial Group'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. This request for OP Financial Group is in FI, which has a very low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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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

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