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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 45 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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, while Scope 3 emissions accounted for about 463,000 kg CO2e. Notably, Scope 1 emissions were recorded at zero, indicating no direct emissions from owned or controlled sources. Comparatively, in 2022, Avanza's total emissions were about 300,000 kg CO2e, with Scope 2 emissions at 24,000 kg CO2e and Scope 3 emissions at 276,000 kg CO2e. This reflects a significant increase in total emissions from 2022 to 2023, primarily driven by an increase in Scope 3 emissions. Avanza has committed to long-term climate targets, aiming for net-zero emissions across all scopes by 2050. Their portfolio targets cover 11% of total investment and lending activities based on total balance sheet assets as of 2021. This commitment aligns with the Science Based Targets initiative (SBTi) and is designed to support the goal of limiting global warming to 1.5°C. The bank's near-term targets include a commitment to set specific reduction goals by 2030, further demonstrating their dedication to addressing climate change. Avanza's climate strategy is integral to its operations, reflecting a growing recognition of the financial sector's role in sustainability.
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| 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 participating in some of the initiatives that 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.
