We actively drive the transition to a low-carbon economy by strategically investing in companies that enable the green transition and advance sustainability. We proactively measure our environmental impact, advocate for efficiency practices and promote decarbonisation across our network of companies, and continually elevate our firm's ESG performance.
Nordic Capital acknowledges the pressing concern of climate change and is committed to supporting the transition to a low-carbon economy at a firm and portfolio level. We believe that a company aware of its impacts on the climate and environment is better at managing associated risks and more likely to have a long-term sustainable business model. Nordic Capital expects portfolio companies to incorporate sustainability considerations into their business strategy and value creation plans while achieving their climate and environmental targets and actively mitigating their greenhouse gas emissions.
The Science Based Targets initiative (SBTi) offers guidelines for companies to set science-based emission reduction targets. Nordic Capital has set greenhouse gas emissions (GHG) reduction targets that have been approved by the Science Based Target initiative (SBTi) in 2024, aligning with the 1.5° pathway outlined in the Paris Agreement.
Nordic Capital’s established GHG emissions reduction targets cover both its own operations and those of its portfolio companies. At firm level, Nordic Capital commits to maintain zero absolute scope 1 GHG emissions and to reduce absolute scope 2 GHG emissions 42% by 2030. At portfolio level, Nordic Capital commits to 33.4% of its eligible portfolio 1 setting SBTi validated targets by 2028, and 100% by 2040.
Nordic Capital believes that providing support and tools to its portfolio companies will be instrumental in facilitating their decarbonisation journey and identifying key levers for GHG emissions reduction. Currently, 8 percent of Nordic Capital’s assets under management (AUM) have committed to SBTi targets.
251,162
tCO2e in total emissions from portfolio (Scope 1 & 2)
88%
of portfolio companies have defined actions to reduce energy consumption
Nordic Capital seeks to act as a role model by measuring and increasing environmental awareness within our own organisation. We have a clear commitment to reduce our carbon emissions and to offset all emissions on yearly basis.
NC Emissions by source
At Nordic Capital, we acknowledge our responsibility in managing our operations with a focus on reducing our share of GHG emissions. Nordic Capital has since 2018 engaged with an independent party to measure and offset all of our GHG emissions.