Nordea Bank

Diversified Banks
NDA-FI.HE
€ 8.9 (0.74)%
Share price
$ 32 bn
Market Cap
$ 154 bn
Enterprise Value

Carbon footprint

0.03 Ton
GHG emissions per $ 1 mln investment
0x the weighted average for S&P 500
FY2021
How is this calculated?
-24%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

+9.4%
Proj. YOY change in GHG emissions (all Scopes)
FY2022
How is this calculated?

Nordea Bank aims to reduce all Scopes by 50% by 2030 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
Nordea Bank's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Nordea Bank's GHG emissions (market-based) (Kt of CO2e)
Nordea Bank's Carbon intensity (Tons per 1 USDm)

Nordea Bank's carbon footprint

Nordea Bank reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 4.8 Kt (-1.5 /-23.9% y-o-y). Also positively, carbon intensity plummeted to 0.4 t (-0.3 /-42.9% y-o-y).

Nordea Bank's Scope 3 emissions declined to 6.6 Kt (-3.1 /-31.9% y-o-y). The rate of decline has slowed vs. the previous periods (CAGR -42.6% since 4Q'19).

The company is committed to reducing all Scopes by 50% by 2030 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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