Public Profile

NOBA Bank Group AB (publ)

NOBA Bank Group AB (publ), headquartered in Sweden, is a prominent player in the financial services industry, specialising in banking and financial solutions. Founded in recent years, the bank has quickly established itself in key operational regions across Scandinavia, focusing on providing innovative banking services tailored to meet the needs of both individuals and businesses. The bank offers a range of core products, including personal and business accounts, loans, and investment services, distinguished by their customer-centric approach and advanced digital platforms. NOBA Bank Group has achieved notable recognition for its commitment to sustainability and financial inclusion, positioning itself as a forward-thinking institution in the competitive banking landscape. With a focus on leveraging technology to enhance customer experience, NOBA Bank Group continues to make significant strides in the evolving financial sector.

DitchCarbon Score

How does NOBA Bank Group AB (publ)'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

38

Industry Average

Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

27

Industry Benchmark

NOBA Bank Group AB (publ)'s score of 38 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.

64%

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NOBA Bank Group AB (publ)'s reported carbon emissions

In 2023, NOBA Bank Group AB (publ) reported total carbon emissions of approximately 31,728,000 kg CO2e. The emissions breakdown includes 30,000 kg CO2e from Scope 2 and 31,728,000 kg CO2e from Scope 3, with no data available for Scope 1 emissions. The Scope 2 emissions were further divided into 29,700 kg CO2e based on a market-based approach and 101,600 kg CO2e using a location-based method. In 2022, the bank's emissions were similar, with a total of about 31,728,000 kg CO2e, comprising 80 kg CO2e from Scope 1, 55,000 kg CO2e from Scope 2, and 31,698,000 kg CO2e from Scope 3. The Scope 3 emissions included significant contributions from investments (30,410,000 kg CO2e) and employee commuting (700,700 kg CO2e). Despite these figures, NOBA Bank Group AB has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of defined reduction strategies suggests a need for further action in addressing their carbon footprint and aligning with industry standards for climate accountability.

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20222023
Scope 1
80
-
Scope 2
29,700
00,000
Scope 3
31,698,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. NOBA Bank Group AB (publ)'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for NOBA Bank Group AB (publ) is in SE, which has a very low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

NOBA Bank Group AB (publ) is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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DitchCarbon Score

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