Fortnox Sustainability Profile
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 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
Fortnox's score of 32 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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, while the majority, about 2,419,000 kg CO2e, falls under Scope 3 emissions. Notable contributors to Scope 3 emissions include purchased goods and services (approximately 1,618,000 kg CO2e), business travel (about 317,000 kg CO2e), and employee commute (approximately 77,000 kg CO2e). Comparatively, in 2022, Fortnox's emissions were significantly lower, with total emissions of around 344,000 kg CO2e, comprising 26,000 kg CO2e from Scope 2 and no reported Scope 1 emissions. In 2021, the total emissions were about 1,064,000 kg CO2e, with 14,000 kg CO2e from Scope 2. The data indicates a substantial increase in emissions from 2021 to 2023, highlighting the need for enhanced climate action. Fortnox has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a potential area for improvement in their climate strategy. The emissions data is sourced directly from Fortnox AB (publ) and reflects their commitment to transparency in reporting their carbon footprint.
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| 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 |
How Carbon Intensive is Fortnox's Industry?
How Carbon Intensive is Fortnox's Location?
Fortnox's Scope 3 Categories Breakdown
Fortnox's Scope 3 emissions, which increased by 603% last year and increased by approximately 302% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 67% of Scope 3 emissions.
Top Scope 3 Categories
Fortnox'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.
Fortnox 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.
