Avanza
Avanza, officially known as Avanza Bank Holding AB, is a leading Swedish financial services company headquartered in Stockholm. Founded in 1999, Avanza has established itself as a prominent player in the online brokerage and investment sector, primarily serving the Nordic region. The company offers a range of services, including stock trading, savings accounts, and investment funds, distinguished by its user-friendly platform and low fees. With a strong focus on empowering individual investors, Avanza has achieved significant milestones, such as becoming the largest online broker in Sweden by customer base. Its innovative approach to financial services has garnered numerous awards, solidifying its market position as a trusted partner for both novice and experienced investors. Avanza continues to redefine the investment landscape with its commitment to transparency and customer satisfaction.
DitchCarbon Score
How does Avanza's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Avanza's score of 46 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Avanza's reported carbon emissions
In 2023, Avanza Bank Holding AB reported total carbon emissions of approximately 494,000 tonnes CO2e. This figure includes 31,000 tonnes CO2e from Scope 2 emissions, while Scope 1 emissions were recorded at zero. The majority of their emissions, about 463,000 tonnes CO2e, fall under Scope 3, which encompasses indirect emissions from their value chain. Avanza has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2050. Their near-term targets are aligned with the Science Based Targets initiative (SBTi), which includes a commitment to cover 11% of their total investment and lending activities by total balance sheet assets as of 2021. This target reflects their strategy to integrate sustainability into their financial operations, with a focus on reducing greenhouse gas emissions in line with the 1.5°C climate goal. Overall, Avanza's emissions data and climate commitments demonstrate a proactive approach to addressing climate change, with a clear roadmap for reducing their carbon footprint in the coming decades.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 27,000 | 00,000 | 00,000 |
| Scope 3 | 566,000 | 000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Avanza is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
