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 42 is higher than 67% 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 2023, Nordnet reported total carbon emissions of approximately 728,000 kg CO2e. This figure includes 58,000 kg CO2e from Scope 2 emissions, which comprise purchased heat (50,000 kg CO2e), purchased cooling (3,000 kg CO2e), and purchased electricity (6,000 kg CO2e). The majority of emissions, about 645,000 kg CO2e, fall under Scope 3, with significant contributions from business travel (189,000 kg CO2e), employee commute (69,000 kg CO2e), and purchased goods and services (236,000 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, the company has committed to achieving net-zero emissions across all scopes by 2050, as part of its Science Based Targets initiative (SBTi) commitments. In previous years, Nordnet's emissions were significantly lower, with 163,000 kg CO2e in 2022, 122,000 kg CO2e in 2021, and 153,000 kg CO2e in 2020. The company has demonstrated a commitment to reducing its carbon footprint, with a notable 35% decrease in emissions intensity per trade from 2020 to 2021. Nordnet's climate strategy reflects a proactive approach to sustainability, focusing on both absolute and intensity-based reduction targets, ensuring alignment with global 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 participating in some 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.
