Nordnet
Nordnet AB, commonly referred to as Nordnet, is a leading online brokerage firm headquartered in Sweden (SE). Established in 1996, Nordnet has grown to become a prominent player in the Nordic financial services industry, with a strong presence in Sweden, Norway, Denmark, and Finland. The company focuses on providing innovative investment solutions, including stock trading, savings accounts, and pension services, catering to both individual and institutional investors. Nordnet distinguishes itself through its user-friendly digital platform, which offers a range of tools and resources for investors. The firm has achieved significant milestones, such as launching its mobile app and expanding its product offerings to include sustainable investment options. With a commitment to transparency and customer empowerment, Nordnet has solidified its market position as a trusted partner for investors seeking to navigate the complexities of the financial landscape.
DitchCarbon Score
How does Nordnet'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
Nordnet's score of 35 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nordnet's reported carbon emissions
In 2023, Nordnet reported total carbon emissions of approximately 728,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 645,000 kg CO2e. Within Scope 3, business travel and employee commuting were notable sources, contributing approximately 189,000 kg CO2e and 69,000 kg CO2e, respectively. Scope 2 emissions were reported at about 83,000 kg CO2e, primarily from purchased heat and electricity. Over the years, Nordnet has demonstrated a commitment to reducing its carbon footprint. From 2018 to 2023, the company has seen fluctuations in total emissions, with a peak in 2023 compared to previous years. Notably, emissions decreased from about 254,000 kg CO2e in 2018 to approximately 122,000 kg CO2e in 2021, before rising again in 2022 and 2023. Nordnet has committed to achieving net-zero emissions by 2050, aligning with the Science Based Targets initiative (SBTi). This long-term target encompasses all scopes of emissions, reflecting the company's dedication to comprehensive climate action. As a financial institution based in Sweden, Nordnet is actively engaging in sustainability efforts within the banking and insurance sectors, aiming to mitigate its environmental impact while supporting broader climate goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 400 | - | 000 | - | - | - |
| Scope 2 | 87,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 167,000 | 000,000 | 00,000 | 00,000 | 000,000 | 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.
Nordnet is committed to some 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.
