Formue
Formue, officially known as Formue AS, is a prominent financial services firm headquartered in Norway. Established in 2018, the company has rapidly gained recognition in the wealth management sector, focusing on providing tailored investment solutions and financial advisory services. With a strong operational presence across Scandinavia, Formue is dedicated to helping clients navigate complex financial landscapes. The firm’s core offerings include bespoke portfolio management and strategic financial planning, distinguished by a client-centric approach that prioritises individual needs. Formue has achieved notable milestones, including significant growth in assets under management and a reputation for innovative investment strategies. As a leader in the Nordic financial market, Formue continues to set benchmarks for excellence in wealth management, ensuring clients receive unparalleled service and expertise.
DitchCarbon Score
How does Formue'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 Services Auxiliary to 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
Formue's score of 47 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Formue's reported carbon emissions
In 2023, Formue AS reported total carbon emissions of approximately 693,530 kg CO2e, a reduction from about 744,930 kg CO2e in 2022. The emissions breakdown for 2023 includes Scope 1 emissions of 17,140 kg CO2e, Scope 2 emissions of 38,970 kg CO2e, and significant Scope 3 emissions of 637,420 kg CO2e, with business travel contributing 504,770 kg CO2e and purchased goods and services accounting for 65,430 kg CO2e. Formue has committed to achieving net-zero emissions across all scopes by 2050, aligning with the Science Based Targets initiative (SBTi). Their portfolio targets cover 46% of total investment and lending by assets under management as of 2022, with required activities making up 46% of this total. The company has set near-term targets consistent with limiting global warming to 1.5°C, aiming for significant reductions by 2027. Overall, Formue AS is actively working towards reducing its carbon footprint and enhancing sustainability within its operations and investment strategies.
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Get Started| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 18,410 | 00,000 |
| Scope 2 | 108,500 | 00,000 |
| Scope 3 | 619,250 | 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.
Formue is not committed to any 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.
