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Avanza Bank Holding AB

Common Name
Avanza Bank Holding
Country
Sweden
Sector
Financial Services
Industry
Banks - Regional
Employees
764
Ticker
AZA
Exchange
Nasdaq Stockholm
Description
Avanza Bank Holding AB is a leading digital bank headquartered in Stockholm, Sweden, specializing in online savings and investment solutions primarily for private customers. Founded in 1999, it provid...

Avanza Bank Holding's GHG Emissions Data Preview

In 2023, Avanza Bank Holding completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Avanza Bank Holding has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020-2019
Total Scope 1
0a
0a
0a
Total Scope 2
Market-Based
27a
20a
27a
Location-Based
31a
24a
32a
Total Scope 3
463a
276a
566a
Total Scope 1 Revenue Intensity (tCO2e/$M)
0a
0a
0a
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Verified Sources Behind Avanza Bank Holding’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. Avanza Bank Holding's Annual Report 2023

Insights into Avanza Bank Holding's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Avanza Bank Holding amounted to 31 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Avanza Bank Holding increased by 29.17%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Avanza Bank Holding's Scope 1 Emissions Over Time

20212022202301234tCO2e
  • Total Scope 1
  • Year-over-Year Change

What are Avanza Bank Holding's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Avanza Bank Holding were 0 metric tons of CO₂ equivalent (tCO₂e).a

What are Avanza Bank Holding's Scope 2 emissions?

In 2023, Avanza Bank Holding reported Scope 2 greenhouse gas (GHG) emissions of 27 tCO₂e using the market-based method and 31 tCO₂e using the location-based method.a

Has Avanza Bank Holding reduced its Scope 2 emissions over time?

Since 2021, Avanza Bank Holding's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Avanza Bank Holding's emissions have plateaued with no significant change in its energy consumption footprint.a

Compared to the previous year (2022), Avanza Bank Holding's Scope 2 emissions (Location-Based) rose by 29.17% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does Avanza Bank Holding use for Scope 2 reporting?

In 2023, Avanza Bank Holding reported its Scope 2 emissions using the market-based method and using the location-based method.a

Avanza Bank Holding's Scope 2 Emissions Over Time

20212022202308162432tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Avanza Bank Holding's Value Chain Emissions

In 2023, Avanza Bank Holding reported 463 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2023 disclosure of Avanza Bank Holding includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 7 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Avanza Bank Holding's Scope 3 Emissions Over Time

2021202220230150300450600tCO2e-51%+68%
  • Total Scope 3
  • Year-over-Year Change

What are Avanza Bank Holding's Scope 3 emissions?

In 2023, Avanza Bank Holding reported total Scope 3 emissions of 463 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Avanza Bank Holding reduced its Scope 3 emissions over time?

Since 2021, Avanza Bank Holding's Scope 3 emissions have decreased by 18.2%, reflecting a declining long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2022), Avanza Bank Holding's Scope 3 emissions increased by 67.75%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Avanza Bank Holding disclose?

In 2023, Avanza Bank Holding reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Avanza Bank Holding's Scope 3 emissions?

In 2023, the largest contributors to Avanza Bank Holding's Scope 3 emissions were:a

  • Capital Goods (Cat. 2): 229 tCO₂e (49.46%)
  • Purchased Goods and Services (Cat. 1): 98 tCO₂e (21.17%)
  • Employee Commuting (Cat. 7): 73 tCO₂e (15.77%)

Avanza Bank Holding's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(49.5%)Purchased Goods andServices (Cat. 1)(21.2%)Employee Commuting(Cat. 7)(15.8%)

Insights into Avanza Bank Holding's Total Carbon Footprint

In 2023, Avanza Bank Holding reported a total carbon footprint of 494 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 64.67% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Avanza Bank Holding's total carbon footprint was Scope 3 emissions, accounting for 93.72% of the company's total carbon footprint, followed by Scope 2 emissions at 6.28%.a

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