We have concrete targets for our sustainability work based on the Paris Agreement and the UN’s Sustainable Development Goals. Our sustainability targets are focused on creating opportunities for a better financial situation for each and everyone and on encouraging more sustainable investments.
Climate change is one of the greatest challenges of our time. In line with the Paris Agreement, we are working to limit and adapt our negative impact on the climate and to achieve net zero emissions by 2045 at the latest. To ensure we reach our long-term emission reduction target, we have joined the Business Ambition for 1.5°C and set interim Science Based Targets (SBTs). For more on science based targets, visit https://sciencebasedtargets.org/.
The short-term emission targets are to reduce our direct and indirect emissions by 50 per cent by 2030, continue to run our office with 100 per cent renewable energy, and that at least 65 per cent of the capital in Avanza’s own funds should
be invested in companies with their own Science Based Targets at the latest by 2027. The long-term target is to be net zero, which means an emissions reduction of at least 90 per cent. This will be achieved as soon as possible, but by 2045 at the latest.
Each year a climate report is prepared with the help of an independent analysis tool based on the methodology in the Greenhouse Gas (GHG) Protocol. Emissions in 2024 totalled 397 tonnes CO2e (494).
Since 2019, we have offset our emissions by purchasing highly rated carbon credits. Avanza has committed to offsetting Scope 1 and 2 emissions as well as business travel. Since 2023, we have collaborated with Milkywire to reinvest this money in effective climate solutions through their Climate Transformation Fund. The fund has three central areas: carbon capture and storage, nature conservation and restoration, and decarbonisation. In 2023 and 2024, together with other companies, we helped to finance over 43 projects worldwide through the fund, which drives technological innovation and has positive impacts on biodiversity and local communities.
The financial industry, through its ability to steer capital to sustainable businesses, plays a key role in achieving the Sustainable Development Goals and the Paris Agreement’s climate targets. We want Avanza to be the obvious choice for those who want to invest sustainably and we are convinced that investments in responsible and sustainable business models will generate the highest returns over time. Avanza does not offer advice. Customers make all the investment decisions and consequently, we do not control how customers choose to invest. Our job is to inspire and make it easy to find sustainable products to invest in. This requires that our fund range can be analysed based on sustainability criteria, and over the years we have developed and implemented a number of tools and made sustainability data available on the platform.
We develop and continuously improve these tools, which will help us achieve the goal of strengthening the sustainability ratings of customers’ portfolios, as measured by Morningstar Sustainability Scores for funds. A weighted average of the sustainability risk of a fund’s holdings, ESG Risk Ratings range between 0 and 100, where lower is better and indicates lower sustainability risk. 0 indicates that a company has negligible ESG risk and 100 is the highest level of ESG risk. The score is computed by Sustainalytics and more than 10,000 companies the world over have an ESG Risk Rating. Ratings are updated monthly.
Contributing to gender equality in savings is central to Avanza, and we work actively to reach broader target groups and promote savings among women. Today women save less, have less savings capital and begin saving later. The share of women on Avanza’s platform was 39 per cent by year-end 2024. The share of women among new customers was 45 per cent, while at the same time the share of savings capital held by women is only 25 per cent.
