Klarna Sustainability Profile
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.
DitchCarbon Score
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.
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
Klarna's score of 97 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Klarna, headquartered in Sweden, has set ambitious climate commitments, aiming to achieve net-zero greenhouse gas emissions across its value chain by 2040. Although specific carbon emissions data for the most recent year is not available, Klarna has established significant reduction targets through the Science Based Targets initiative (SBTi). Klarna's near-term targets include a commitment to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2022 as the base year. Additionally, the company aims to cut absolute Scope 3 emissions by 25% within the same timeframe. For the long term, Klarna has pledged to reduce absolute Scope 1 and Scope 2 emissions by 90% and Scope 3 emissions by 90% by 2040, again from a 2022 baseline. These targets are aligned with the 1.5°C climate goal, demonstrating Klarna's commitment to sustainable practices and its role in combating climate change. The emissions data and targets are cascaded from its parent company, Klarna Bank AB (publ), ensuring a unified approach to environmental responsibility across its corporate family.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 234,000 | 000,000 | 000,000 | 000,000 | 00,000 | 00,000 |
| Scope 2 | 456,000 | 0,000,000 | 0,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 55,732,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
How Carbon Intensive is Klarna's Industry?
How Carbon Intensive is Klarna's Location?
Klarna's Scope 3 Categories Breakdown
Klarna's Scope 3 emissions, which decreased by 24% last year and increased by approximately 50% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 92% of Scope 3 emissions.
Top Scope 3 Categories
Klarna'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.
Klarna has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
