Avanza Bank

Sustainability Report and Carbon Intensity Rankings

Is Avanza Bank doing their part?

Their DitchCarbon score is 79

Avanza Bank has a DitchCarbon Score of 79, indicating a strong commitment to sustainability. This score reflects a lower carbon intensity in their operations compared to peers. A higher score suggests that Avanza Bank is effectively managing and reducing its carbon footprint.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

Avanza Bank operates in the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Medium

High

Very high

Avanza Bank is situated in Sweden, a country with a very low carbon intensity rating, indicating a cleaner energy grid. This favorable environmental context supports the bank’s sustainability efforts by reducing the carbon footprint associated with their operations.
28.17%

...this company is doing 28.17% better in emissions than the industry average.

Founded in 1999 and headquartered in Stockholm, Avanza Bank is a prominent player in the finance sector. The company specializes in providing a wide array of financial services, including low-cost stock and fund trading, pension savings, and competitive mortgage rates. With a commitment to affordability and innovation, Avanza Bank has garnered a reputation for customer satisfaction and has become one of Sweden’s most attractive employers.

Good news, Avanza Bank has embraced SBTi commitments

Avanza Bank has pledged to set science-based targets through the Science Based Targets initiative (SBTi) to reduce greenhouse gas emissions in line with climate science. This commitment means the company will develop a detailed plan to significantly cut its carbon footprint across all scopes of emissions to align with the Paris Agreement goals.

There’s always room for improvement,

DitchCarbon recommends...

Avanza Bank should foster supplier engagement initiatives to promote the reduction of emissions throughout their supply chain, potentially decreasing their Scope 3 emissions by 35%.
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✓ Comprehensive database of calculators, life cycle analysis, carbon footprints of companies

✓ Peer group, recommended actions, historical reports, data sources

✓ Complete Scope 1-2-3 data, emission factors, yearly breakdown

✓ Complete SBTi and CDP status with sources

✓ Company emission source URLs

✓ Supply level emission factors

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.