Fortnox
Fortnox AB, headquartered in Sweden, is a leading player in the financial technology sector, specialising in cloud-based business solutions. Founded in 2001, the company has established itself as a pioneer in providing comprehensive software for accounting, invoicing, and payroll management, catering primarily to small and medium-sized enterprises across the Nordic region. With a commitment to innovation, Fortnox offers unique features such as seamless integration and user-friendly interfaces, setting it apart from competitors. The company has achieved significant milestones, including rapid growth in user adoption and recognition as a trusted partner for businesses seeking efficient financial management tools. As a market leader, Fortnox continues to enhance its offerings, solidifying its position in the ever-evolving landscape of digital finance solutions.
DitchCarbon Score
How does Fortnox'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 Computer Services 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
Fortnox's score of 32 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fortnox's reported carbon emissions
In 2023, Fortnox reported total carbon emissions of approximately 2,462,000 kg CO2e. The breakdown of these emissions reveals that Scope 2 emissions accounted for about 27,000 kg CO2e, while Scope 3 emissions were significantly higher at approximately 2,419,000 kg CO2e. Within Scope 3, the largest contributors included purchased goods and services at around 1,618,000 kg CO2e, followed by business travel at about 317,000 kg CO2e and upstream transportation and distribution at approximately 119,000 kg CO2e. Comparatively, in 2022, Fortnox's emissions were lower, with total emissions of about 344,000 kg CO2e from Scope 3 and 26,000 kg CO2e from Scope 2. In 2021, the company reported approximately 1,064,000 kg CO2e in Scope 3 emissions and 14,000 kg CO2e in Scope 2 emissions. The data from 2020 shows a total of about 674,000 kg CO2e, with Scope 1 emissions at 3,000 kg CO2e, Scope 2 at 70,000 kg CO2e, and Scope 3 at 601,000 kg CO2e. Despite the significant emissions reported, Fortnox has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for further commitment to climate action within the organisation.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,000 | - | - | - |
| Scope 2 | 70,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 601,000 | 0,000,000 | 000,000 | 0,000,000 |
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.
Fortnox is not participating in any 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.
