Fortnox AB

Common Name
Fortnox
Country
Sweden
Sector
Technology
Industry
Software - Application
Employees
889
Ticker
FNOX
Exchange
NASDAQ STOCKHOLM AB
Description
Fortnox AB is a leading company in the financial technology sector based in Sweden. It specializes in providing cloud-based software services aimed at streamlining the administrative and financial tas...

Fortnox's GHG Emissions Data Preview

In 2023, Fortnox 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).

Fortnox has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Fortnox's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Fortnox amounted to 27 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Fortnox increased by 3.85%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Fortnox's Scope 1 Emissions Over Time

20212022202301234tCO2eNaN%NaN%
  • Total Scope 1
  • Year-over-Year Change

What are Fortnox's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Fortnox were 0 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

What are Fortnox's Scope 2 emissions?

In 2023, Fortnox reported Scope 2 greenhouse gas (GHG) emissions of 27 tCOâ‚‚e using the market-based method.

Has Fortnox reduced its Scope 2 emissions over time?

Since 2021, Fortnox's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have increased by 92.86%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Fortnox's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Fortnox 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Fortnox use for Scope 2 reporting?

In 2023, Fortnox reported its Scope 2 emissions using the market-based method.

Fortnox's Scope 2 Emissions Over Time

20212022202307142128tCO2e
  • Total Scope 2 Market-Based

Insights into Fortnox's Value Chain Emissions

In 2023, Fortnox reported 2,419 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Fortnox includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Fortnox's Scope 3 Emissions Over Time

20212022202306501.3 k1.95 k2.6 ktCO2e-68%+603%
  • Total Scope 3
  • Year-over-Year Change

What are Fortnox's Scope 3 emissions?

In 2023, Fortnox reported total Scope 3 emissions of 2,419 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

Has Fortnox reduced its Scope 3 emissions over time?

Since 2021, Fortnox's Scope 3 emissions have increased by 127.35%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Fortnox's Scope 3 emissions increased by 603.2%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Fortnox disclose?

In 2023, Fortnox reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.

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

What are the main sources of Fortnox's Scope 3 emissions?

In 2023, the largest contributors to Fortnox's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 1,618 tCOâ‚‚e (67.61%)
  • Business Travel (Cat. 6): 317 tCOâ‚‚e (13.25%)
  • Capital Goods (Cat. 2): 245 tCOâ‚‚e (10.24%)

Fortnox's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(10.2%)Business Travel(Cat. 6)(13.2%)Purchased Goods andServices (Cat. 1)(67.6%)

Insights into Fortnox's Total Carbon Footprint

In 2023, Fortnox reported a total carbon footprint of 2,446 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 561.08% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Fortnox's total carbon footprint was Scope 3 emissions, accounting for 98.9% of the company's total carbon footprint, followed by Scope 2 emissions at 1.1%.