Avanza, officially known as Avanza Bank Holding AB, is a prominent player in the Swedish financial services industry, headquartered in Stockholm, Sweden. Founded in 1999, the company has established itself as a leading online broker, catering primarily to retail investors across the Nordic region.
Avanza offers a range of innovative financial products and services, including stock trading, savings accounts, and investment funds, distinguished by their user-friendly platform and competitive pricing. The firm has achieved significant milestones, such as being recognised for its customer satisfaction and consistently ranking among the top online brokers in Sweden.
With a strong market position, Avanza continues to empower individual investors, making investing accessible and straightforward, while maintaining a commitment to transparency and customer service excellence.
+3 vs industry average
Avanza’s score of 38 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Avanza's reported carbon emissions
In 2023, Avanza Bank Holding AB reported total carbon emissions of approximately 490,000 kg CO2e. This figure includes Scope 2 emissions of about 31,000 kg CO2e, with 27,000 kg CO2e attributed to purchased heat, and Scope 3 emissions amounting to approximately 463,000 kg CO2e. The breakdown of Scope 3 emissions reveals significant contributions from capital goods (229,000 kg CO2e), employee commuting (73,000 kg CO2e), and purchased goods and services (98,000 kg CO2e). Avanza has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2050, as part of its Science Based Targets initiative (SBTi) commitments. The bank's portfolio targets cover 11% of its total investment and lending activities based on total balance sheet assets as of 2021. This includes a commitment to align its operations with the 1.5°C climate goal, ensuring that emissions reductions are consistent with the necessary global efforts to mitigate climate change. The emissions data is not cascaded from any parent organization, indicating that Avanza Bank Holding AB (publ) independently reports its emissions and climate initiatives.
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Avanza’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Avanza yet.
Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Avanza
Frequently asked questions
Common questions about Avanza’s sustainability data and climate commitments
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