Nordnet

Nordnet, a financial intermediation services company based in Sweden, reported total carbon emissions of approximately 622 metric tonnes CO2e in 2024. This figure includes about 1 metric tonne of Scope 1 emissions, 44 metric tonnes of market-based Scope 2 emissions, and approximately 578 metric tonnes of Scope 3 emissions. Key contributors to Scope 3 emissions in 2024 included purchased goods and services (286 metric tonnes CO2e), business travel (89 metric tonnes CO2e), and employee commute (91 metric tonnes CO2e).

Looking ahead to 2025, Nordnet projects a significant increase in emissions, with an estimated total of 339,724 metric tonnes CO2e. This substantial rise is primarily driven by projected Scope 3 emissions, particularly from investments, which are estimated at 339,280 metric tonnes CO2e.

Historically, in 2023, Nordnet's total emissions were about 625 metric tonnes CO2e, with approximately 52 metric tonnes from market-based Scope 2 and 573 metric tonnes from Scope 3. In 2021, total emissions were around 122 metric tonnes CO2e (55 metric tonnes Scope 2 and 67 metric tonnes Scope 3). The company's total emissions in 2020 were approximately 153 metric tonnes CO2e (0.4 metric tonnes Scope 1, 76 metric tonnes Scope 2, and 77 metric tonnes Scope 3).

Nordnet is committed to climate action and has set an ambitious target to halve its Scope 1 and Scope 2 emissions by 2033 from a 2023 baseline, representing a reduction of at least 352 metric tonnes CO2e from the 2023 level of 703 metric tonnes CO2e. The company has also committed to achieving net-zero emissions across all scopes by 2050, as recognised by the Science Based Targets initiative (SBTi). Between 2020 and 2021, Nordnet also achieved a 35% decrease in the intensity of greenhouse gas emissions per trade on its platform.