Limited impact on the environment

We follow up our environmental footprint through an annual climate analysis. Avanza operates solely as an online bank and has a limited impact on the environment. Avanza has no branches and the majority of communications with customers is digital. 

The business does not require much travel or transports either, since it is limited to three offices in Sweden. Avanza’s data centres are powered by 100% renewable energy. The climate analysis is done with the help of an independent tool and is based on the methodology used in the Greenhouse Gas Protocol (GHG Protocol). The methodology is recommended by the Global Reporting Initiative (GRI). The year’s results confirm that we have a limited environmental impact, because of which we have chosen not to have any formal environmental management. Total energy consumption amounted to 1,210 MWh and total emissions amounted to 61 tonnes of CO2e.

Climate analysis