Trustly Group AB Sustainability Profile
Trustly Group AB, commonly known as Trustly, is a leading payment solutions provider headquartered in Sweden (SE). Founded in 2008, the company has established itself as a key player in the fintech industry, specialising in online banking payments. With a strong presence across Europe and North America, Trustly enables seamless transactions for consumers and merchants alike. The company’s core offerings include direct bank payments, which allow users to make secure and instant payments without the need for credit cards. Trustly's unique approach to payment processing enhances user experience while ensuring high levels of security and compliance. Recognised for its innovative solutions, Trustly has achieved significant milestones, including partnerships with major e-commerce platforms and financial institutions, solidifying its position as a trusted name in the digital payment landscape.
DitchCarbon Score
How does Trustly Group 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 Computer Services 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
Trustly Group AB's score of 38 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Trustly Group AB's reported carbon emissions
In 2023, Trustly Group AB reported total carbon emissions of approximately 2,364,000 kg CO2e. This figure includes Scope 1 emissions of about 973,000 kg CO2e, Scope 2 emissions of approximately 321,000 kg CO2e, and Scope 3 emissions totalling around 1,070,000 kg CO2e. Notably, the Scope 3 emissions breakdown reveals significant contributions from business travel (about 567,000 kg CO2e) and employee commuting (approximately 389,000 kg CO2e). Trustly has not set specific reduction targets or initiatives as part of its climate commitments, and there are no reported SBTi (Science Based Targets initiative) targets. The company’s emissions data is not cascaded from a parent organization, indicating that it operates independently in its reporting and sustainability efforts. Overall, Trustly Group AB's emissions profile highlights the importance of addressing both direct and indirect emissions, particularly in the context of business travel and employee commuting, as it seeks to enhance its sustainability practices.
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| 2019 | 2020 | 2021 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | 000,000 |
| Scope 2 | - | - | - | 000,000 |
| Scope 3 | 3,297,000 | 000,000 | 000,000 | 0,000,000 |
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Trustly Group AB's Scope 3 Categories Breakdown
Trustly Group AB's Scope 3 emissions, which increased by 150% last year and decreased by approximately 68% since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 45% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 53% of Scope 3 emissions.
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Trustly Group 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.
Trustly Group AB has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
