By Eirin & Signe – Diving in to International Shipping and Offshore
During the last two weeks, we have been working for Large Corporations & Institutions (LC&I), more specifically within the International Shipping and Offshore unit. As we both initially worked in product units, we now got insight on the customer unit side.
With the objective to estimate Nordea’s Scope 3 emission on its offshore lending portfolio, we dived into the sea of rigs, FPSOs, OSVs and drill ships.
Scope 3 is an important measure as it is the indirect emission that occurs through the assets financed by the bank. It is especially interesting within oil and gas due to the ongoing transition and the fact that the banks can require the owners to take certain steps in the right direction and guide them at the same time.
To sum up our internship so far; the weeks have been challenging, educational and fun. As for this week, getting to dig into the oil and gas industry in combination with sustainability/ESG, was certainly interesting with a lot of learnings.