Nordea Bank Abp
Nordea Bank Abp's GHG Emissions Data Preview
In 2024, Nordea Bank Abp 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).
Nordea Bank Abp has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  c | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  | 0000000 |
a
a
a
a
a
aVerified Sources Behind Nordea Bank Abp’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. Explore Nordea Bank Abp’s data sources below and access millions more through our Disclosure Search.
Insights into Nordea Bank Abp's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Nordea Bank Abp amounted to 7,324 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 2023, the total operational greenhouse gas (GHG) emissions of Nordea Bank Abp decreased by 2.9%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Nordea Bank Abp's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Nordea Bank Abp's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Nordea Bank Abp were 1,025 metric tons of CO₂ equivalent (tCO₂e).a
Has Nordea Bank Abp reduced its Scope 1 emissions over time?
Since 2019, Nordea Bank Abp's Scope 1 emissions have decreased by 37.35%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Nordea Bank Abp's Scope 1 emissions decreased by 10.25%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Nordea Bank Abp's Scope 2 emissions?
In 2024, Nordea Bank Abp reported Scope 2 greenhouse gas (GHG) emissions of 3,037 tCO₂e using the market-based method and 6,299 tCO₂e using the location-based method.a
Has Nordea Bank Abp reduced its Scope 2 emissions over time?
Since 2019, Nordea Bank Abp's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 45.87%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Nordea Bank Abp's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Nordea Bank Abp's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Nordea Bank Abp use for Scope 2 reporting?
In 2024, Nordea Bank Abp reported its Scope 2 emissions using the market-based method and using the location-based method.a
Nordea Bank Abp's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Nordea Bank Abp's Value Chain Emissions
In 2024, Nordea Bank Abp reported 23,928,722 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 2024 disclosure of Nordea Bank Abp includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Nordea Bank Abp's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Nordea Bank Abp's Scope 3 emissions?
In 2024, Nordea Bank Abp reported total Scope 3 emissions of 23,928,722 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.07% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.93% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Nordea Bank Abp reduced its Scope 3 emissions over time?
Since 2019, Nordea Bank Abp's Scope 3 emissions have decreased by 29.18%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Nordea Bank Abp's Scope 3 emissions remained relatively stable, indicating that Nordea Bank Abp's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Nordea Bank Abp disclose?
In 2024, Nordea Bank Abp reported emissions for 6 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 Nordea Bank Abp's Scope 3 emissions?
In 2024, the largest contributors to Nordea Bank Abp's Scope 3 emissions were:a
- Investments (Cat. 15): 23,913,003 tCO₂e (99.93%)
- Business Travel (Cat. 6): 11,270 tCO₂e (0.05%)
- Fuel- and Energy-Related Services (Cat. 3): 2,404 tCO₂e (0.01%)
Nordea Bank Abp's Scope 3 Emissions by Categories
Insights into Nordea Bank Abp’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Nordea Bank Abp reported Scope 1 greenhouse gas (GHG) emissions of 1,025 tCO₂e and total revenues of USD 12,577 millions. This translates into an emissions intensity of 0.08 tCO₂e per millions USD.a
Nordea Bank Abp's Scope 1 Emissions Intensity Compared to Peers
How does Nordea Bank Abp's GHG emissions intensity compare to its peers?
In 2024, Nordea Bank Abp reported a Scope 1 emissions intensity of 0.08 tCO₂e per millions USD. Compared to the peer group median of 0.55, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Nordea Bank Abp rank on GHG emissions intensity within its industry?
In 2024, Nordea Bank Abp ranked 6 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Nordea Bank Abp is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Nordea Bank Abp's Total Carbon Footprint
In 2024, Nordea Bank Abp reported a total carbon footprint of 23,936,046 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.84% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Nordea Bank Abp's total carbon footprint was Scope 3 emissions, accounting for 99.97% of the company's total carbon footprint, followed by Scope 2 emissions at 0.03%.a