Flatexdegiro Sustainability Profile
Flatexdegiro, a leading online brokerage firm, is headquartered in Germany and operates extensively across Europe. Founded in 2006, the company has rapidly established itself in the financial services industry, particularly in the areas of stock trading and investment solutions. Flatexdegiro is renowned for its innovative trading platform, which offers low-cost trading options and a user-friendly interface, making it accessible for both novice and experienced investors. With a commitment to transparency and efficiency, Flatexdegiro has achieved significant milestones, including the merger of Flatex and Degiro in 2020, which solidified its position as a major player in the European market. The firm’s core offerings include commission-free trading and a diverse range of investment products, setting it apart from traditional brokers. As a result, Flatexdegiro continues to attract a growing customer base, reinforcing its reputation as a trusted choice for online trading in Europe.
DitchCarbon Score
How does Flatexdegiro'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
Flatexdegiro's score of 49 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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Flatexdegiro's reported carbon emissions
In 2024, Flatexdegiro reported total carbon emissions of approximately 4,116,100 kg CO2e, with emissions distributed across various scopes: 406,100 kg CO2e from Scope 1, 445,400 kg CO2e from Scope 2 (including 25,100 kg CO2e from market-based sources), and 4,116,100 kg CO2e from Scope 3. The previous year, 2023, saw a total of about 3,685,200 kg CO2e, with Scope 1 emissions at 415,600 kg CO2e and Scope 2 at 421,600 kg CO2e. Flatexdegiro has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 70% by 2030, starting from a baseline established in 2021. This commitment reflects the company's dedication to environmental sustainability and compliance with decarbonisation standards. The company has consistently disclosed its emissions data, demonstrating transparency in its climate impact. The emissions data is not cascaded from any parent organization, indicating that Flatexdegiro independently reports its carbon footprint.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 487,500 | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | 000,000 | 00,000 | 00,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 |
How Carbon Intensive is Flatexdegiro's Industry?
How Carbon Intensive is Flatexdegiro's Location?
Flatexdegiro's Scope 3 Categories Breakdown
Flatexdegiro's Scope 3 emissions, which increased by 12% last year and increased by approximately 12% since 2023, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 46% of Scope 3 emissions.
Top Scope 3 Categories
Flatexdegiro's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Flatexdegiro has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
