Avanza Bank, a financial institution, is committed to reduce carbon footprint as part of its climate strategy. Avanza Bank is taking steps to address scope 1, scope 2, and scope 3 emissions. In 2022, for Scope 2 (market-based electricity calculations) emissions, the company emitted 19.8 tons of CO2e, while total Scope 1+2+3 emissions from market-based electricity calculations were 277.5 tons of CO2e.

Avanza Bank has implemented different methods to calculate its emissions. The market-based method considers the emission factors based on whether the company acquires Guarantees of Origin (GoOs) or Renewable Energy Certificates (RECs). The location-based method, on the other hand, uses statistical emissions information and electricity output within a defined geographic boundary. By using both methods, the company can assess the impact of its electricity consumption and make informed decisions to reduce emissions.

The company has also reported on its emissions from electricity consumption and has disclosed both location-based and market-based emissions. Avanza Bank's carbon accounting report enables the organization to benchmark performance indicators and evaluate progress over time. The company is committed to reducing its carbon footprint and is likely implementing measures to achieve its emission reduction targets.

In conclusion, Avanza Bank has is taking steps to reduce its carbon emissions. The company is implementing different methods to calculate and report its emissions. By disclosing its emissions and implementing emission reduction measures, Avanza Bank is actively working towards its climate strategy and contributing to the global efforts to combat climate change.

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