Avanza Bank

Avanza Bank reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2021 at 0.0001 Kt (-0.0005 /-83.3% y-o-y). At the same time, carbon intensity was up at 0 t (0 y-o-y).

Avanza Bank's Scope 3 emissions was up at 0.34 Kt (+0.08/+31% y-o-y). The growth has slowed compared to the trend since 4Q'17 (CAGR +52%).

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Avanza Bank also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Headline target: Avanza Bank Holding AB’s portfolio targets cover 11% of its total investment and lending activities by total balance sheet assets as of 2021.(1) As of that year, required activities made up 11% of Avanza Bank Holding AB’s total investment and lending activities total balance sheet assets while optional activities made up 76% and out of scope activities made up 12%. (1) Excluding assets managed under advisory or execution-only mandates, Avanza Bank Holding AB’s portfolio targets cover 29% of its total investment and lending activities by total balance sheet assets as of 2021. https://sciencebasedtargets.org/resources/files/Target-language-and-summary_Avanza.pdf