Tink AB Sustainability Profile
Tink AB, a leading player in the fintech industry, is headquartered in Sweden (SE) and operates extensively across Europe. Founded in 2012, Tink has rapidly evolved to become a pivotal provider of open banking solutions, enabling businesses to harness the power of financial data. The company offers a suite of core products, including account aggregation, payment initiation, and personal finance management tools, all designed to enhance user experience and drive financial innovation. Tink's unique approach to data connectivity and its commitment to security have positioned it as a trusted partner for banks and fintechs alike. With notable achievements such as securing significant partnerships and expanding its market presence, Tink AB continues to shape the future of financial services, making it a key player in the open banking landscape.
DitchCarbon Score
How does Tink AB'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 Services Auxiliary to 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
Tink AB's score of 84 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tink AB, headquartered in Sweden (SE), currently does not report specific carbon emissions data for the latest year, as no emissions figures are available. However, the company is a current subsidiary of Visa Inc., which influences its climate commitments and initiatives. Tink AB's climate strategy is aligned with the targets set by Visa Inc., which includes commitments to reduce emissions across various scopes. The emissions data and reduction initiatives are cascaded from Visa Inc. at a corporate family level. Visa Inc. has established science-based targets (SBTi) and participates in initiatives such as the Carbon Disclosure Project (CDP), RE100, and the Race to Zero (RTZ), which guide Tink AB's sustainability efforts. While specific reduction targets for Tink AB are not detailed, the overarching commitments from Visa Inc. suggest a focus on significant emissions reductions and a transition towards more sustainable practices. As Tink AB continues to align with its parent company's climate initiatives, it aims to contribute to a broader industry movement towards reducing carbon footprints and enhancing environmental responsibility.
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| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - | - | - | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | - | - | - | - | - | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 000,000 | 00,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Tink AB's Industry?
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Tink AB's Scope 3 Categories Breakdown
Tink AB's Scope 3 emissions, which increased by 50% last year and decreased by approximately 3% since 2019, 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 84% of Scope 3 emissions.
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Tink AB'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.
Tink AB has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
