Avanza
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.
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 61 is higher than 99% 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 kg CO2e, with Scope 1 emissions at 0 kg CO2e, Scope 2 emissions at about 31,000 kg CO2e, and Scope 3 emissions accounting for approximately 463,000 kg CO2e. The Scope 3 emissions primarily stem from capital goods (229,000 kg CO2e), purchased goods and services (98,000 kg CO2e), and employee commuting (73,000 kg CO2e). Avanza has committed to achieving net-zero emissions by 2050, aligning with the Science Based Targets initiative (SBTi). Their targets encompass all scopes of emissions, with a near-term target set for 2030. Notably, their portfolio targets cover 11% of total investment and lending activities based on total balance sheet assets as of 2021. This commitment reflects Avanza's proactive approach to reducing its carbon footprint and contributing to global climate goals. The bank's emissions data indicates a significant reliance on Scope 3 emissions, highlighting the importance of addressing supply chain and operational impacts in their climate strategy.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | 27,000 | 00,000 | 00,000 | 0,000 |
| Scope 3 | 566,000 | 000,000 | 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.
