Nordea Bank

Diversified Banks

NDA-FI.HE

€ 9.3 (0.71)%

Share price

$ 37 bn

Market Cap

$ 175 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

FY2021

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This target is most likely outdated and the company appears to have already achieved it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

GHG emissions and Carbon intensity

Nordea Bank reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 6.2 Kt (-0.78 /-11.1% y-o-y). Also positively, carbon intensity tumbled to 0.7 t (-0.1 /-12.5% y-o-y).

Nordea Bank's Scope 3 emissions plummeted to 9.7 Kt (-25 /-72.2% y-o-y). There has been no clear trend lately.

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 2020. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	6.2	1.5	4.8	9.7	8,850	0.7
2019Q4	7	1.6	5.4	35	9,089	0.8
2018Q4	8.3	1.8	6.5	32	10,639	0.8
2017Q4	3.2	0.05	3.2	20