Fortnox
Fortnox AB, headquartered in Sweden, is a leading player in the financial technology sector, specialising in cloud-based business solutions. Founded in 2001, the company has established itself as a pioneer in providing comprehensive software for accounting, invoicing, and payroll management, catering primarily to small and medium-sized enterprises across the Nordic region. With a commitment to innovation, Fortnox offers unique features such as seamless integration and user-friendly interfaces, setting it apart from competitors. The company has achieved significant milestones, including rapid growth in user adoption and recognition as a trusted partner for businesses seeking efficient financial management tools. As a market leader, Fortnox continues to enhance its offerings, solidifying its position in the ever-evolving landscape of digital finance solutions.
DitchCarbon Score
How does Fortnox'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 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
Fortnox's score of 23 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Fortnox's reported carbon emissions
In 2023, Fortnox reported total carbon emissions of approximately 2,462,000 kg CO2e. This figure includes 27,000 kg CO2e from Scope 2 emissions and a significant 2,419,000 kg CO2e from Scope 3 emissions, which encompass areas such as capital goods, business travel, employee commute, and purchased goods and services. Comparatively, in 2022, Fortnox's total emissions were about 376,000 kg CO2e, with Scope 2 emissions at 26,000 kg CO2e and Scope 3 emissions at 344,000 kg CO2e. This indicates a substantial increase in emissions from 2022 to 2023. In 2021, the company recorded total emissions of approximately 1,083,000 kg CO2e, with no Scope 1 emissions and Scope 2 emissions of 14,000 kg CO2e, while Scope 3 emissions accounted for 1,064,000 kg CO2e. The 2020 data shows total emissions of about 674,000 kg CO2e, with Scope 1 emissions at 3,000 kg CO2e, Scope 2 at 70,000 kg CO2e, and Scope 3 at 601,000 kg CO2e. Despite the fluctuations in emissions, Fortnox has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction strategies suggests a need for enhanced climate commitments to address their carbon footprint effectively.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,000 | - | - | - |
| Scope 2 | 70,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 601,000 | 0,000,000 | 000,000 | 0,000,000 |
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.
Fortnox 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.
