Nordic Capital

Nordic Capital's reported carbon emissions

Nordic Capital, headquartered in Sweden, has demonstrated a commitment to reducing its carbon emissions. For 2025, the firm reported total emissions of approximately 31.2 billion kg CO2e. This includes Scope 1 emissions totalling about 7,500 kg CO2e, Scope 2 emissions at approximately 54,700 kg CO2e, and significant Scope 3 emissions amounting to roughly 38.6 billion kg CO2e from investments. In 2024, Nordic Capital's total emissions were around 38.9 billion kg CO2e. Scope 1 emissions for this period were approximately 5,200 kg CO2e, Scope 2 emissions were about 81,600 kg CO2e, and Scope 3 emissions, largely driven by investments, totalled approximately 36.8 billion kg CO2e. Earlier reporting periods also show emissions data. In 2023, total emissions were approximately 3.15 billion kg CO2e, primarily comprising Scope 2 emissions of about 103,000 kg CO2e and Scope 3 emissions of approximately 3.05 billion kg CO2e. For 2022, total emissions were reported at about 1.47 billion kg CO2e, with Scope 2 emissions at approximately 121,000 kg CO2e and Scope 3 emissions at roughly 1.35 billion kg CO2e. Nordic Capital has established ambitious climate targets. The firm is committed to achieving net-zero emissions across all scopes by 2040. Specifically, they aim to maintain zero absolute Scope 1 greenhouse gas emissions and reduce absolute Scope 2 emissions by 42% by 2030, with a further goal of 100% reduction by 2040. Furthermore, Nordic Capital is working towards Science Based Targets initiative (SBTi) validated targets for 33.4% of its eligible portfolio by 2028, escalating to 100% by 2040. Their reporting indicates that for 2024, they are on track to meet their near-term Scope 2 reduction targets.