- Challenging macroeconomic conditions including war in Ukraine, slumping stock market, record-high energy prices, high inflation, and falling house prices.
- Declining savings rate due to tough economic times for households.
- Decreased customer activity and net inflow due to market uncertainty.
- Complex and time-consuming process for pension transfers.
- Increased competition in the savings market.
Avanza Bank Holding AB (publ)
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Avanza Bank Holding AB (publ) disclosed greenhouse gas emissions of 281 tCO2e/year. By scope: Scope 1: 0 tCO2e/year; Scope 2: 24 tCO2e/year (location based); Scope 3: 258 tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
281 tCO2e/year
2022
Renewable Energy
97% (2021)
of total energy
Energy Use
1.1K MWh/year (location based)
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 0 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 24 tCO2e/year (location based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 258 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 281 tCO2e/year |
| 2021 | 366 tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced emissions to 281 tonnes CO2e in 2022 (from 575 tonnes in 2021). Decrease mainly due to less IT equipment purchases.
- Joined Business Ambition for 1.5°C and committed to setting Science Based Targets aligned with the 1.5°C target.
- 95% of resold IT equipment reused, 5% recycled, saving 30,921 kg of CO2.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce direct and indirect emissions by 40% by 2030.
- Invest at least 75% of capital in Avanza’s own funds in companies with their own Science Based Targets by 2030.
🔭 Long-term
- Net zero emissions by 2045.
🌱 ESG Focus Areas
Sustainable investmentsEducate & ChallengeSustainable organisation