MFEX Mutual Funds Exchange AB
MFEX Mutual Funds Exchange AB, headquartered in Sweden, is a leading player in the financial services industry, specialising in mutual fund distribution and administration. Founded in 2000, the company has established a strong presence across Europe, providing innovative solutions that streamline the investment process for both institutional and retail clients. MFEX offers a unique platform that facilitates seamless access to a wide range of mutual funds, enabling clients to efficiently manage their investments. With a focus on transparency and operational excellence, the company has achieved significant milestones, including partnerships with numerous asset managers and financial institutions. Recognised for its commitment to enhancing the mutual fund landscape, MFEX continues to solidify its market position as a trusted exchange for mutual fund transactions.
DitchCarbon Score
How does MFEX Mutual Funds Exchange AB'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
MFEX Mutual Funds Exchange AB's score of 57 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MFEX Mutual Funds Exchange AB's reported carbon emissions
In 2022, MFEX Mutual Funds Exchange AB reported total carbon emissions of approximately 4,717,400 kg CO2e. This figure includes Scope 1 emissions of about 21,700 kg CO2e, Scope 2 emissions of approximately 67,900 kg CO2e, and significant Scope 3 emissions totalling around 4,627,800 kg CO2e. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (about 3,772,400 kg CO2e), business travel (approximately 373,900 kg CO2e), and employee commuting (around 364,200 kg CO2e). For the previous year, 2021, the company reported a total of 68,000 kg CO2e in Scope 3 emissions, with no Scope 1 emissions recorded and Scope 2 emissions at about 37,700 kg CO2e. This indicates a substantial increase in emissions from 2021 to 2022, particularly in Scope 3 categories. MFEX has set ambitious reduction targets, aiming to reduce its Scope 1 and 2 emissions by 55% by 2030, using 2019 as the baseline year. This commitment reflects a proactive approach to climate action, aligning with industry standards for sustainability. The emissions data is cascaded from its parent company, Euroclear SA/NV, which influences MFEX's climate initiatives and reporting. As a current subsidiary, MFEX adheres to the broader sustainability goals set by Euroclear, contributing to a collective effort in reducing carbon footprints across the corporate family.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | - | 00,000 |
| Scope 2 | 37,700 | 00,000 |
| Scope 3 | 68,000 | 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.
MFEX Mutual Funds Exchange AB 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.
