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NOBA Bank Group AB (publ)

Common Name
NOBA Bank Group
Country
Sweden
Sector
Financial Services
Industry
Banks - Diversified
Employees
681
Ticker
NOBA
Exchange
Nasdaq Stockholm
Description
NOBA Bank Group AB (publ) is a leading European specialist bank group headquartered in Stockholm, Sweden, founded in 2003. It operates through prominent brands including Nordax Bank, Bank Norwegian, S...

NOBA Bank Group's GHG Emissions Data Preview

In 2025, NOBA Bank Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

NOBA Bank Group has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)20252024
Total Scope 1
2a
N/A
Total Scope 2
Market-Based
20a
17a
Location-Based
21a
18a
Total Scope 3
27,722a
15,006a
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.0016a
N/A
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Verified Sources Behind NOBA Bank Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. NOBA Bank Group's Sustainability Report 2025

Insights into NOBA Bank Group's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of NOBA Bank Group amounted to 23 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2024, the total operational greenhouse gas (GHG) emissions of NOBA Bank Group increased by 27.78%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

NOBA Bank Group's Scope 1 Emissions Over Time

202500.511.52tCO2e
  • Total Scope 1
  • Year-over-Year Change

What are NOBA Bank Group's Scope 1 emissions?

In 2025, the total Scope 1 emissions of NOBA Bank Group were 2 metric tons of CO₂ equivalent (tCO₂e).a

What are NOBA Bank Group's Scope 2 emissions?

In 2025, NOBA Bank Group reported Scope 2 greenhouse gas (GHG) emissions of 20 tCO₂e using the market-based method and 21 tCO₂e using the location-based method.a

Has NOBA Bank Group reduced its Scope 2 emissions over time?

Compared to the previous year (2024), NOBA Bank Group's Scope 2 emissions (Location-Based) rose by 16.67% in 2025, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does NOBA Bank Group use for Scope 2 reporting?

In 2025, NOBA Bank Group reported its Scope 2 emissions using the market-based method and using the location-based method.a

NOBA Bank Group's Scope 2 Emissions Over Time

2024202506121824tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into NOBA Bank Group's Value Chain Emissions

In 2025, NOBA Bank Group reported 27,722 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2025 disclosure of NOBA Bank Group includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

NOBA Bank Group's Scope 3 Emissions Over Time

2024202507 k14 k21 k28 ktCO2e+85%
  • Total Scope 3
  • Year-over-Year Change

What are NOBA Bank Group's Scope 3 emissions?

In 2025, NOBA Bank Group reported total Scope 3 emissions of 27,722 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 46.1% of these emissions originated from upstream activities such as purchased goods and capital goods, while 53.9% came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2024), NOBA Bank Group's Scope 3 emissions increased by 84.74%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does NOBA Bank Group disclose?

In 2025, NOBA Bank Group reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of NOBA Bank Group's Scope 3 emissions?

In 2025, the largest contributors to NOBA Bank Group's Scope 3 emissions were:a

  • Investments (Cat. 15): 14,941 tCO₂e (53.9%)
  • Purchased Goods and Services (Cat. 1): 12,227 tCO₂e (44.11%)
  • Employee Commuting (Cat. 7): 271 tCO₂e (0.98%)

NOBA Bank Group's Scope 3 Emissions by Categories

Investments(Cat. 15)(53.9%)Purchased Goods andServices (Cat. 1)(44.1%)

Insights into NOBA Bank Group’s GHG Emissions Intensity Compared to Industry Peers

In 2025, NOBA Bank Group reported Scope 1 greenhouse gas (GHG) emissions of 2 tCO₂e and total revenues of USD 1,250 millions. This translates into an emissions intensity of 0 tCO₂e per millions USD.a

NOBA Bank Group's Scope 1 Emissions Intensity Compared to Peers

2501,00020,000500,000Scope 1 Emissions (tCO2e)1001,00010,00050,000500,000Revenues (Millions of USD)Bank of Nova ScotiaYear: 2024Scope 1: 25,475 tCO2eRevenue: $M 24,145Scope 1 Intensity: 1.06 tCO2e/$MCIBCYear: 2024Scope 1: 19,410 tCO2eRevenue: $M 18,336Scope 1 Intensity: 1.06 tCO2e/$MSMBC GroupYear: 2025Scope 1: 13,570 tCO2eRevenue: $M 25,546Scope 1 Intensity: 0.53 tCO2e/$MBank of MontrealYear: 2025Scope 1: 30,545 tCO2eRevenue: $M 25,739Scope 1 Intensity: 1.19 tCO2e/$MBBVAYear: 2024Scope 1: 41,856 tCO2eRevenue: $M 40,827Scope 1 Intensity: 1.03 tCO2e/$MMUFGYear: 2026Scope 1: 26,301 tCO2eRevenue: $M 47,160Scope 1 Intensity: 0.56 tCO2e/$MUBS GroupYear: 2025Scope 1: 14,690 tCO2eRevenue: $M 49,578Scope 1 Intensity: 0.30 tCO2e/$MCommonwealth BankYear: 2025Scope 1: 5,592 tCO2eRevenue: $M 18,866Scope 1 Intensity: 0.30 tCO2e/$MToronto-Dominion BankYear: 2024Scope 1: 39,292 tCO2eRevenue: $M 40,407Scope 1 Intensity: 0.97 tCO2e/$MBanco SantanderYear: 2024Scope 1: 35,503 tCO2eRevenue: $M 66,435Scope 1 Intensity: 0.53 tCO2e/$MCitigroupYear: 2024Scope 1: 53,455 tCO2eRevenue: $M 81,091Scope 1 Intensity: 0.66 tCO2e/$MWells Fargo & CoYear: 2024Scope 1: 79,285 tCO2eRevenue: $M 82,297Scope 1 Intensity: 0.96 tCO2e/$MBank of ChinaYear: 2025Scope 1: 73,988 tCO2eRevenue: $M 93,870Scope 1 Intensity: 0.79 tCO2e/$MRoyal Bank of CanadaYear: 2025Scope 1: 25,927 tCO2eRevenue: $M 47,433Scope 1 Intensity: 0.55 tCO2e/$MAgricultural Bank of ChinaYear: 2025Scope 1: 151,438 tCO2eRevenue: $M 103,441Scope 1 Intensity: 1.46 tCO2e/$MHSBC HoldingsYear: 2025Scope 1: 16,698 tCO2eRevenue: $M 71,025Scope 1 Intensity: 0.24 tCO2e/$MICBCYear: 2025Scope 1: 92,600 tCO2eRevenue: $M 119,054Scope 1 Intensity: 0.78 tCO2e/$MChina Construction BankYear: 2025Scope 1: 61,661 tCO2eRevenue: $M 108,654Scope 1 Intensity: 0.57 tCO2e/$MBank of AmericaYear: 2024Scope 1: 65,763 tCO2eRevenue: $M 101,879Scope 1 Intensity: 0.65 tCO2e/$MJPMorgan Chase & CoYear: 2024Scope 1: 100,024 tCO2eRevenue: $M 177,568Scope 1 Intensity: 0.56 tCO2e/$MEfg InternationalYear: 2024Scope 1: 556 tCO2eRevenue: $M 1,642Scope 1 Intensity: 0.34 tCO2e/$MProCredit HoldingYear: 2023Scope 1: 1,000 tCO2eRevenue: $M 457Scope 1 Intensity: 2.19 tCO2e/$MDoha BankYear: 2023Scope 1: 245 tCO2eRevenue: $M 773Scope 1 Intensity: 0.32 tCO2e/$MScotiabank ChileYear: 2025Scope 1: 62 tCO2eRevenue: $M 1,925Scope 1 Intensity: 0.03 tCO2e/$MSvenska HandelsbankenYear: 2025Scope 1: 128 tCO2eRevenue: $M 6,184Scope 1 Intensity: 0.02 tCO2e/$MNOBA Bank GroupYear: 2025Scope 1: 2 tCO2eRevenue: $M 1,250Scope 1 Intensity: 0.00 tCO2e/$M

How does NOBA Bank Group's GHG emissions intensity compare to its peers?

In 2025, NOBA Bank Group reported a Scope 1 emissions intensity of 0 tCO₂e per millions USD. Compared to the peer group median of 0.57, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does NOBA Bank Group rank on GHG emissions intensity within its industry?

In 2025, NOBA Bank Group ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places NOBA Bank Group among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into NOBA Bank Group's Total Carbon Footprint

In 2025, NOBA Bank Group reported a total carbon footprint of 27,745 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 84.67% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to NOBA Bank Group's total carbon footprint was Scope 3 emissions, accounting for 99.92% of the company's total carbon footprint, followed by Scope 2 emissions at 0.08%.a

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