XTB S.A. Sustainability Profile
XTB S.A., a prominent player in the financial services industry, is headquartered in Poland (PL) and operates extensively across Europe and beyond. Founded in 2002, the company has established itself as a leading online broker, specialising in forex and contracts for difference (CFDs). XTB offers a unique trading platform that combines advanced technology with user-friendly features, catering to both novice and experienced traders. Its core services include access to a wide range of financial instruments, including stocks, commodities, and cryptocurrencies, all supported by comprehensive educational resources. Recognised for its commitment to transparency and customer service, XTB has garnered numerous awards, solidifying its position as a trusted broker in the competitive trading landscape. With a focus on innovation and client satisfaction, XTB continues to thrive in the dynamic world of online trading.
DitchCarbon Score
How does XTB S.A.'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
XTB S.A.'s score of 13 is lower than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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XTB S.A.'s reported carbon emissions
In 2023, XTB S.A. reported total carbon emissions of approximately 737,900 kg CO2e, comprising 14,500 kg CO2e from Scope 1 emissions, primarily due to fuel consumption, and 723,400 kg CO2e from Scope 2 emissions related to energy consumption. This marks a slight increase from 2022, where emissions were about 718,100 kg CO2e, with Scope 1 emissions at 11,900 kg CO2e and Scope 2 emissions at 705,200 kg CO2e. In 2021, the company recorded approximately 570,800 kg CO2e, with Scope 1 emissions at 7,900 kg CO2e and Scope 2 emissions at 560,900 kg CO2e. Despite these figures, XTB S.A. has not disclosed any specific reduction targets or climate pledges, indicating a lack of formal commitments to reduce emissions. The emissions data is cascaded from XTB S.A. as a current subsidiary, with no additional information provided from parent or related organizations. Overall, while XTB S.A. has made strides in tracking its emissions, the absence of reduction initiatives or targets suggests an opportunity for the company to enhance its climate commitments and align with industry standards for sustainability.
How Carbon Intensive is XTB S.A.'s Industry?
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XTB S.A.'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.
XTB S.A. 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.
