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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 2024, Fortnox completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering 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 9 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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b
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b
0000000
Total Scope 2
Market-Based
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a
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a
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b
0000000
Location-Based
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a
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a
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0000000
Total Scope 3
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a
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a
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
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0000000
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Verified Sources Behind Fortnox’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. Explore Fortnox’s data sources below and access millions more through our Disclosure Search.

a. Fortnox's Annual Report 2024
a. Fortnox's Annual Report 2024
b. Fortnox's Annual Report 2023
b. Fortnox's Annual Report 2023

Insights into Fortnox's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofFortnox amounted to39metric tons of CO2 equivalent.This figure reflects indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Fortnoxdecreased by 7.14%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab

What are Fortnox's Scope 2 emissions?

In 2024, Fortnox reported Scope 2 greenhouse gas (GHG) emissions of 22 tCOâ‚‚e using the market-based method and 39 tCOâ‚‚e using the location-based method.a

Has Fortnox reduced its Scope 2 emissions over time?

Compared to the previous year(2023), Fortnox's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Fortnox's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Fortnox use for Scope 2 reporting?

In 2024, Fortnox reported its Scope 2 emissions using the market-based method and using the location-based method.a

Fortnox's Scope 2 Emissions Over Time

2021202220232024015304560tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Fortnox's Value Chain Emissions

In 2024, Fortnox reported 1,784 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Fortnox includes a breakdown across 9of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Fortnox's Scope 3 Emissions Over Time

202120222023202404509001.35 k1.8 ktCO2e-68%+267%+41%
  • Total Scope 3
  • Year-over-Year Change

What are Fortnox's Scope 3 emissions?

In 2024, Fortnox reported total Scope 3 emissions of 1,784 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 99.94%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.06%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Fortnox reduced its Scope 3 emissions over time?

Since 2021, Fortnox's Scope 3 emissionshave increased by 67.67%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Fortnox's Scope 3 emissions increased by 41.14%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Fortnox disclose?

In 2024, Fortnox reported emissions for 9 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 Fortnox's Scope 3 emissions?

In 2024, the largest contributors to Fortnox's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 720 tCOâ‚‚e(40.38%)
  • Capital Goods (Cat. 2): 540 tCOâ‚‚e(30.29%)
  • Business Travel (Cat. 6): 248 tCOâ‚‚e(13.91%)

Fortnox's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(40.4%)Business Travel(Cat. 6)(13.9%)Capital Goods(Cat. 2)(30.3%)
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