Nordea says Nordic companies' emissions targets imply 2.0-2.1°C warming including Scope 3

• Nordea’s annual review estimates that full delivery of Nordic companies’ emissions targets would imply global warming of 1.7°C based on Scope 1 and 2 emissions.
• Including Scope 3 emissions raises the implied temperature increase to 2.0–2.1°C, highlighting the need for greater corporate ambition.
• Climate commitments remain largely intact, with only a few exceptions.
• The review drops 1.5°C as its main reference scenario because crossing that threshold is now widely assessed as unavoidable, with global warming averaging 1.48°C in 2023–25.
• Nordea argues that the focus must shift to limiting peak temperatures before bringing them back down.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nordea Bank Abp published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.