Klarna, officially known as Klarna Bank AB, is a leading fintech company headquartered in Stockholm, Sweden (SE). Founded in 2005, Klarna has revolutionised the online shopping experience by offering innovative payment solutions that enhance consumer convenience and merchant sales. With a strong presence across Europe and the United States, Klarna operates primarily in the e-commerce sector, providing services such as "Pay Later" and "Pay Now" options. Klarna's unique offerings allow customers to shop with confidence, enabling them to try products before committing to payment. The company has achieved significant milestones, including partnerships with thousands of retailers and a user base exceeding 60 million consumers globally. As a prominent player in the buy now, pay later (BNPL) market, Klarna continues to shape the future of digital payments, making it a trusted choice for both shoppers and merchants alike.
How does Klarna'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.
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.
Klarna's score of 54 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Klarna, headquartered in Sweden, has set ambitious climate commitments to address its carbon emissions. Although specific emissions data for the most recent year is not available, Klarna has established a comprehensive framework for reducing its greenhouse gas emissions. The company aims to achieve net-zero emissions across its entire value chain by 2040. Klarna's near-term targets include a commitment to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2022 as the baseline year. Additionally, the company plans to cut its absolute Scope 3 emissions by 25% within the same timeframe. For the long term, Klarna has set a goal to reduce absolute Scope 1 and 2 emissions by 90% and Scope 3 emissions by 90% by 2040. These targets align with the Science Based Targets initiative (SBTi) and are consistent with the reductions necessary to limit global warming to 1.5°C. Klarna's commitment to sustainability is further underscored by its participation in the Amazon Climate Pledge, reinforcing its dedication to climate action.
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.
Klarna is participating in some of the initiatives that 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.