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 37 is higher than 90% 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. This figure includes 27,000 kg CO2e from Scope 2 emissions and a significant 2,419,000 kg CO2e from Scope 3 emissions, which encompass areas such as purchased goods and services, business travel, and employee commuting. Comparatively, in 2022, Fortnox's total emissions were about 376,000 kg CO2e, with Scope 2 emissions at 26,000 kg CO2e and Scope 3 emissions at 344,000 kg CO2e. This indicates a substantial increase in emissions year-on-year, particularly in Scope 3 categories. In 2021, the company recorded total emissions of approximately 1,083,000 kg CO2e, with no Scope 1 emissions reported, 14,000 kg CO2e from Scope 2, and 1,064,000 kg CO2e from Scope 3. The trend shows a significant rise in emissions over the years, with 2020 emissions at 674,000 kg CO2e, comprising 3,000 kg CO2e from Scope 1, 70,000 kg CO2e from Scope 2, and 601,000 kg CO2e from Scope 3. Despite the increasing emissions, Fortnox has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies suggests a need for enhanced focus on sustainability practices moving forward.
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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.
