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Norion Bank AB

Common Name
Norion Bank
Country
Sweden
Sector
Financial Services
Industry
Banks - Regional
Employees
420
Ticker
NORION
Exchange
NASDAQ STOCKHOLM AB
Description
Norion Bank AB is a financial institution that provides a diverse range of banking services, primarily targeting the Nordic market. As a bank, its core function is to facilitate financial transactions...

Norion Bank's GHG Emissions Data Preview

In 2024, Norion Bank 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).

Norion Bank has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
0000000
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Verified Sources Behind Norion Bank’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 Norion Bank’s data sources below and access millions more through our Disclosure Search.

a. Norion Bank's Annual Report 2024
a. Norion Bank's Annual Report 2024

Insights into Norion Bank's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofNorion Bank amounted to15.7metric 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 Norion Bankdecreased by 28.96%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Norion Bank's Scope 1 Emissions Over Time

20222023202400.30.60.91.2tCO2e-73%+67%
  • Total Scope 1
  • Year-over-Year Change

What are Norion Bank's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Norion Bank were 0.5 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Norion Bank reduced its Scope 1 emissions over time?

Since 2022, Norion Bank's Scope 1 emissions have decreased by 54.55%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2023), Norion Bank's Scope 1 emissions increased by 66.67%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Norion Bank's Scope 2 emissions?

In 2024, Norion Bank reported Scope 2 greenhouse gas (GHG) emissions of 19 tCOâ‚‚e using the market-based method and 15.2 tCOâ‚‚e using the location-based method.a

Has Norion Bank reduced its Scope 2 emissions over time?

Since 2022, Norion Bank's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 14.12%, reflecting a declining long-term trend in Scope 2 emissions over time.a

Compared to the previous year(2023), Norion Bank's Scope 2 emissions(Location-Based) fell by 30.28% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Norion Bank use for Scope 2 reporting?

In 2024, Norion Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a

Norion Bank's Scope 2 Emissions Over Time

202220232024015304560tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Norion Bank's Value Chain Emissions

In 2024, Norion Bank reported 135,507.6 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Norion Bank includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Norion Bank's Scope 3 Emissions Over Time

202220232024035 k70 k105 k140 ktCO2e+384%+14936%
  • Total Scope 3
  • Year-over-Year Change

What are Norion Bank's Scope 3 emissions?

In 2024, Norion Bank reported total Scope 3 emissions of 135,507.6 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 0%of these emissions originated from upstream activities such as purchased goods and capital goods, while 100%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Norion Bank reduced its Scope 3 emissions over time?

Since 2022, Norion Bank's Scope 3 emissionshave increased by 72,675.3%, reflecting a rising long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2023), Norion Bank's Scope 3 emissions increased by 14,936.35%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Norion Bank disclose?

In 2024, Norion Bank reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

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

In 2024, the largest contributors to Norion Bank's Scope 3 emissions were:a

  • Investments (Cat. 15): 132,394 tCOâ‚‚e(100%)

Norion Bank's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

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

In 2024, Norion Bank reported Scope 1 greenhouse gas (GHG) emissions of 0.5 tCOâ‚‚e and total revenues of USD 333 millions. This translates into an emissions intensity of 0 tCOâ‚‚e per millions USD.a

Norion Bank's Scope 1 Emissions Intensity Compared to Peers

0.555050010,000Scope 1 Emissions (tCO2e)201005002,00020,000Revenues (Millions of USD)KSRCNVestjysk BankYear: 2023Scope 1: 123 tCO2eRevenue: $M 323Scope 1 Intensity: 0.38 tCO2e/$MCaisse Regionale De Credit Agricole Mutuel Toulouse 31Year: 2024Scope 1: 30 tCO2eRevenue: $M 276Scope 1 Intensity: 0.11 tCO2e/$MBank JagoYear: 2023Scope 1: 56 tCO2eRevenue: $M 102Scope 1 Intensity: 0.55 tCO2e/$MBank Aladin SyariahYear: 2024Scope 1: 47 tCO2eRevenue: $M 30Scope 1 Intensity: 1.59 tCO2e/$MKKKing's Town BankYear: 2023Scope 1: 304 tCO2eRevenue: $M 320Scope 1 Intensity: 0.95 tCO2e/$MSouth Indian BankYear: 2023Scope 1: 201 tCO2eRevenue: $M 482Scope 1 Intensity: 0.42 tCO2e/$MSkandinaviska Enskilda BankenYear: 2024Scope 1: 695 tCO2eRevenue: $M 7,409Scope 1 Intensity: 0.09 tCO2e/$MGrupo SecurityYear: 2023Scope 1: 140 tCO2eRevenue: $M 1,647Scope 1 Intensity: 0.09 tCO2e/$MSSSparebanken MoreYear: 2024Scope 1: 4 tCO2eRevenue: $M 212Scope 1 Intensity: 0.02 tCO2e/$MAmalgamated FinancialYear: 2023Scope 1: 72 tCO2eRevenue: $M 286Scope 1 Intensity: 0.25 tCO2e/$MO-BankYear: 2023Scope 1: 287 tCO2eRevenue: $M 304Scope 1 Intensity: 0.94 tCO2e/$MDanske Andelskassers BankYear: 2024Scope 1: 103 tCO2eRevenue: $M 125Scope 1 Intensity: 0.82 tCO2e/$MLaan & Spar BankYear: 2023Scope 1: 48 tCO2eRevenue: $M 229Scope 1 Intensity: 0.21 tCO2e/$MDCB BankYear: 2023Scope 1: 454 tCO2eRevenue: $M 259Scope 1 Intensity: 1.75 tCO2e/$MRRRegionalYear: 2024Scope 1: 769 tCO2eRevenue: $M 869Scope 1 Intensity: 0.88 tCO2e/$MDah Sing Banking GroupYear: 2023Scope 1: 95 tCO2eRevenue: $M 757Scope 1 Intensity: 0.13 tCO2e/$MSwedbankYear: 2024Scope 1: 853 tCO2eRevenue: $M 6,654Scope 1 Intensity: 0.13 tCO2e/$MBanca IFISYear: 2024Scope 1: 1,974 tCO2eRevenue: $M 632Scope 1 Intensity: 3.12 tCO2e/$MSpar Nord BankYear: 2024Scope 1: 194 tCO2eRevenue: $M 734Scope 1 Intensity: 0.26 tCO2e/$MLiechtensteinische LandesbankYear: 2024Scope 1: 106 tCO2eRevenue: $M 614Scope 1 Intensity: 0.17 tCO2e/$MCCCaisse Regionale de Credit Agricole Mutuel Brie PicardieYear: 2024Scope 1: 1,199 tCO2eRevenue: $M 666Scope 1 Intensity: 1.80 tCO2e/$MBTV Vier Laender BankYear: 2023Scope 1: 688 tCO2eRevenue: $M 485Scope 1 Intensity: 1.42 tCO2e/$MKiatnakin Phatra BankYear: 2023Scope 1: 3,406 tCO2eRevenue: $M 747Scope 1 Intensity: 4.56 tCO2e/$MSparebank 1 OstlandetYear: 2024Scope 1: 14 tCO2eRevenue: $M 559Scope 1 Intensity: 0.02 tCO2e/$MNNNorion BankYear: 2024Scope 1: 1 tCO2eRevenue: $M 333Scope 1 Intensity: 0.00 tCO2e/$M

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

In 2024, Norion Bank reported a Scope 1 emissions intensity of 0 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.4, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

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

In 2024, Norion Bank ranked 1 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

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

Insights into Norion Bank's Total Carbon Footprint

In 2024, Norion Bank reported a total carbon footprint of 135,523.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14,578.14% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Norion Bank's total carbon footprint was Scope 3 emissions, accounting for 99.99% of the company's total carbon footprint, followed by Scope 2 emissions at 0.01%.a

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