Saxo Bank A/S
Saxo Bank A/S, a leading online investment bank, is headquartered in Copenhagen, Denmark (DK). Founded in 1992, Saxo Bank has established itself as a prominent player in the financial services industry, specialising in online trading and investment. The bank operates across major regions, including Europe, Asia, and the Middle East, providing a comprehensive suite of services. Saxo Bank offers a unique range of products, including forex trading, stocks, bonds, and CFDs, all accessible through its advanced trading platforms. Known for its innovative technology and user-friendly interfaces, the bank caters to both retail and institutional clients. With a strong market position, Saxo Bank has received numerous accolades for its trading solutions, solidifying its reputation as a trusted partner in the global financial landscape.
DitchCarbon Score
How does Saxo Bank A/S'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
Saxo Bank A/S's score of 31 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Saxo Bank A/S's reported carbon emissions
In 2023, Saxo Bank A/S reported total carbon emissions of approximately 456,000 kg CO2e, comprising 169,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 287,000 kg CO2e from Scope 2 emissions, calculated on a market-based approach. This represents a significant reduction from 2022, where the bank's emissions were about 2,636,000 kg CO2e, with Scope 1 emissions at 242,000 kg CO2e and Scope 2 emissions at approximately 2,494,000 kg CO2e (market-based). Despite these reductions, Saxo Bank has not publicly disclosed specific reduction targets or commitments under initiatives such as the Science Based Targets initiative (SBTi). The absence of defined climate pledges indicates a potential area for future development in their sustainability strategy. Overall, Saxo Bank's emissions data reflects a commitment to reducing its carbon footprint, aligning with broader industry trends towards enhanced climate responsibility.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 242,000 | 000,000 |
| Scope 2 | 2,494,000 | 000,000 |
| Scope 3 | - | - |
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.
Saxo Bank A/S is not committed to any 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.
