In 2024, Nordnet 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).
Nordnet has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 1a | 0a | 0b | |
Total Scope 2 | ||||
Market-Based | 29a | 58a | 31b | |
Location-Based | 41a | 83a | N/A | |
Total Scope 3 | 581a | 661a | 195b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0021a | 0a | 0b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Nordnet amounted to 42 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 2023, the total operational greenhouse gas (GHG) emissions of Nordnet decreased by 49.4%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Nordnet were 1 metric tons of CO₂ equivalent (tCO₂e).a
In 2024, Nordnet reported Scope 2 greenhouse gas (GHG) emissions of 29 tCO₂e using the market-based method and 41 tCO₂e using the location-based method.a
Compared to the previous year (2023), Nordnet's Scope 2 emissions (Location-Based) fell by 50.6% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Nordnet reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Nordnet reported 581 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 2024 disclosure of Nordnet includes a breakdown across 7 of 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
In 2024, Nordnet reported total Scope 3 emissions of 581 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
Since 2021, Nordnet's Scope 3 emissions have increased by 767.16%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Nordnet's Scope 3 emissions decreased by 12.1%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Nordnet reported emissions for 7 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.
In 2024, the largest contributors to Nordnet's Scope 3 emissions were:a
In 2024, Nordnet reported Scope 1 greenhouse gas (GHG) emissions of 1 tCO₂e and total revenues of USD 476 millions. This translates into an emissions intensity of 0 tCO₂e per millions USD.a
In 2024, Nordnet reported a Scope 1 emissions intensity of 0 tCO₂e per millions USD. Compared to the peer group median of 0.29, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Nordnet ranked 1 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Nordnet among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Nordnet reported a total carbon footprint of 623 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.26% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Nordnet's total carbon footprint was Scope 3 emissions, accounting for 93.26% of the company's total carbon footprint, followed by Scope 2 emissions at 6.58%.a