Financials
Nordic 260 response rate: Financials Overall: 50% (22 of 44)
Key Industries within the sector: Real Estate Management & Development (7 of 15); Commercial Banks (5 of 10); Capital Markets (4 of 9)
Responders
Atrium Ljungberg, Castellum, Citycon, Danske Bank, DnB NOR, Hufvudstaden, Industrivärden, Investment AB Kinnevik, Investor, Kungsleden, Melker Schörling, Nordea Bank, Nordnet, Ratos, SEB, Storebrand, Svenska Handelsbanken, Swedbank, Topdanmark, Tryg, Wallenstam, Wihlborgs Fastigheter, Alma Media
Largest non-respondents include: Sampo, Lundbergs
Opportunities reported • Investment opportunities in companies that adapt well to climate change and developing low-carbon technologies.
• Competitive edge in real estate for firms ahead of current regulatory standards on energy efficiency and emissions.
• Increased demand for insurance and other risk management services owing to more frequent extreme weather. New financial markets, including emissions trading.
• Reduced heating costs in real estate owing to warmer climate.
Risks reported • Cost increases in real estate due to tightening energy efficiency requirements in building regulations.
• Reputational risks if firms not seen by consumers and stakeholders to be enabling the transition to a low- carbon economy.
• Indirect exposure for banks and insurers to a wide range of risks through their clients.
Fig 25: Emissions disclosure (million metric tons CO2e)
(86% disclosed) Scope 3
(86% disclosed) Scope 2
(91% disclosed)
0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 Scope 1
Key actions • Renovation of offices and real estate properties to improve the efficiency of heating, ventilation, lighting, etc.
• Increased use of renewable energy, district heating and deep-water cooling.
• Improved efficiency in data centres, including consolidation of servers through virtual server technology.
• Replacement of office machines with more energy-efficient models; reduced use of paper, e.g. through digital statements.
Performance indicators Average disclosure score Verification rate Scope 1 Verification rate Scope 2
Share with emissions reduction targets Change in emissions during 2010
Nordic 260 64
47% 38% 67%
+0.9%
Financials 63
41% 36% 73%
+24.3%
‘A new headquarters is under construction in Oslo, which will gather 4,000 employees in one place. By using new building techniques and facilitating new ways of organising work the new headquarters is estimated to reduce energy consumption by
70% and CO2 emissions by 50% per employee in the Oslo area.’
DnB NOR
‘Volvo Penta’s engine plant in Vara, Sweden is powered without using any fossil fuel whatsoever. … A large raft of measures has helped to make the production process increasingly energy efficient. [The boiler room] now uses biofuel in the form of pellets instead of the approximately 400 cubic metres of oil it previously used every year. … The total consumption of energy … has been reduced by around 40% since 2003.’
Industrivärden
44
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