Nordnet Sustainability Profile
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 67 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nordnet's reported carbon emissions
In 2024, Nordnet reported total carbon emissions of approximately 602,000 kg CO2e, a decrease from about 719,000 kg CO2e in 2023. The emissions breakdown for 2024 includes Scope 1 emissions at 1,000 kg CO2e, Scope 2 emissions at approximately 29,000 kg CO2e (market-based) and 41,000 kg CO2e (location-based), and significant Scope 3 emissions of about 581,000 kg CO2e. Key contributors to Scope 3 emissions include business travel (89,000 kg CO2e), employee commute (91,000 kg CO2e), and purchased goods and services (284,000 kg CO2e). Nordnet has set ambitious climate commitments aligned with the Paris Agreement, aiming to halve its emissions by 2033, which translates to a reduction of at least 352 tonnes CO2e from its current levels. This target applies to both Scope 1 and Scope 2 emissions. Additionally, Nordnet is committed to achieving net-zero emissions across all scopes by 2050, with interim targets established through the Science Based Targets initiative (SBTi). The company has demonstrated progress in reducing its emissions intensity, achieving a 35% decrease in greenhouse gas emissions per trade from 2020 to 2021. As a financial institution based in Sweden, Nordnet is actively working to enhance its sustainability practices and reduce its overall carbon footprint.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 400 | - | 000 | - | 0,000 | - | 0,000 |
| Scope 2 | 87,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 167,000 | 000,000 | 00,000 | 00,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Nordnet's Industry?
How Carbon Intensive is Nordnet's Location?
Nordnet's Scope 3 Categories Breakdown
Nordnet's Scope 3 emissions, which decreased by 12% last year and increased by approximately 248% since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 49% of Scope 3 emissions.
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Nordnet's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Nordnet has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
