Environment
NOBA is aware of the important role played by banks in the transition to a more sustainable society and their ability to impact development towards a more sustainable financial system. For NOBA, it mostly relates to the impact the Bank may have on climate change mitigation arising from NOBA’s lending. During 2025, NOBA conducted a climate scenario analysis as well as a resilience analysis, that have given us a better understanding of both climate-related risks and opportunities ahead.
Due to the lack of established industry practices for calculating financed emissions and uncertainties surrounding data availability, NOBA’s ability to set long-term emission goals has been constrained. However, our ambition remains clear: to establish these goals as data quality improves.
In 2025, we took an important first step by setting activity-based targets, marking significant progress toward our long-term objectives:
ACTIVITY-BASED CLIMATE TARGETS
- 100% renewable energy for Scope 1–2 operations by 2030 (2025: 91%)
- 70% of the loan portfolio included in financed‑emissions calculations by 2030 (2025: 10,2%)
- Climate criteria applied in procurement for 100% of material suppliers by 2030 (2025: -)
