Nordnet

Nordnet's reported carbon emissions

Nordnet, a financial intermediation services company headquartered in Sweden, is actively working towards reducing its carbon footprint. **Carbon Emissions:** For the reporting year 2024, Nordnet reported total emissions of approximately 602,000 kg CO2e. This breakdown includes: * **Scope 1:** Approximately 1,000 kg CO2e. * **Scope 2:** Approximately 29,000 kg CO2e (market-based). * **Scope 3:** Approximately 581,000 kg CO2e, with the largest contributions from purchased goods and services (approximately 284,000 kg CO2e), employee commute (approximately 91,000 kg CO2e), and business travel (approximately 89,000 kg CO2e). In the previous reporting year, 2023, Nordnet's total emissions were approximately 719,000 kg CO2e. This comprised: * **Scope 1:** 0 kg CO2e. * **Scope 2:** Approximately 58,000 kg CO2e (market-based). * **Scope 3:** Approximately 661,000 kg CO2e, with significant contributions from purchased goods and services (approximately 236,000 kg CO2e) and business travel (approximately 189,000 kg CO2e). Emissions data for prior years show a trend of fluctuating, but generally higher, total emissions. For instance, in 2021, total emissions were approximately 122,000 kg CO2e, and in 2020, they were approximately 153,000 kg CO2e. **Climate Commitments and Reduction Targets:** Nordnet has aligned its overarching objective with the Paris Agreement, aiming to halve its emissions every ten years, following the "Carbon Law" principle. Specifically, Nordnet targets a 50% reduction in its emissions by 2033 compared to its 2023 baseline of approximately 703,000 kg CO2e. This translates to a required reduction of at least 352,000 kg CO2e. The company is also committed to net-zero emissions by 2050, as indicated by its Science Based Targets initiative (SBTi) commitments. While specific near-term targets for scope 1 and 3 are not detailed, the company's emissions data for scope 2 shows a decrease from 2023 to 2024. Nordnet also reported a 35% decrease in emissions intensity per trade (1.7 g CO2 per trade) between 2020 and 2021.