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 23 is higher than 93% 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. This figure includes 31,000 kg CO2e from Scope 2 emissions, primarily related to purchased electricity, and a significant 463,000 kg CO2e from Scope 3 emissions, which encompass various indirect emissions such as capital goods and employee commuting. Over the years, Avanza has made notable progress in reducing its carbon footprint. For instance, emissions decreased from about 598,000 kg CO2e in 2021 to 300,000 kg CO2e in 2022, reflecting a substantial reduction effort. The bank has set ambitious climate commitments, including a long-term target to achieve net-zero emissions across all scopes by 2050, as part of its Science Based Targets initiative (SBTi) commitments. Avanza's portfolio targets cover approximately 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, demonstrating a proactive approach to sustainability within the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2021 | 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.
