Will corporates stick to the 1.5°C goal?
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Sustainable banking Will corporates stick to the 1.5°C goal? 10-01-2025 While the highest ambitions of the Paris Agreement seem increasingly difficult to meet in the current global political landscape, there is still progress to be found. Three of our sustainability experts discu
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4 itemsNordic companies stick to climate goals despite global uncertainty
The Nordic corporate landscape demonstrates resilience against global uncertainties by doubling down on climate commitments, per the full note from Nordea Insights. As geopolitical tensions rise and multilateral cooperation weakens, Nordic companies continue to embrace a robust decarbonization trajectory, with an increasing percentage setting ambitious Scope 1 targets. This proactive stance translates into an implied temperature increase of only 1.5-1.7°C, substantially better than the global average projected at 2.7°C. Notably, about 50% of these firms are on track to meet their operational emissions targets, bolstering confidence in future climate strategies.
How are Nordic companies progressing on their climate goals?
Nordea's ESG research finds that while many Nordic companies have set ambitious emissions targets, only 35% have scope 1 and 2 targets aligned with the Paris 1.5°C pathway, and scope 3 progress lags. The desk sees this as a potential headwind for the Nordic currencies if regulatory pressure or investor scrutiny intensifies. Per the full note [source], the SBTi validation is becoming more delivery-focused. There are no high-impact calendar events in the next 30 days for this jurisdiction, so the ESG theme may drive gradual positioning shifts rather than sharp dislocations.
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