Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable savings
• Equality & diversity
• Digital learning

Environmental Achievements

• Reduced total greenhouse gas emissions to 237 tonnes CO₂e in 2019 from 254 tonnes CO₂e in 2018 (7% decrease)
• Greenhouse gas emissions per trade decreased to 8.4 g CO₂e from 9.7 g CO₂e (13% decrease)
• Climate compensation of 110% in 2019 (compensating for more CO2 than emitted)

Social Achievements

• Launched women’s career network “Power Women in Tech” with around 900 members
• Organized several events aimed at inspiring more women to invest (Kvinnekveld in Norway, Kvindelogen in Denmark)
• Partnered with “Girls Invest” to organize lectures and networking meetings for young women interested in shares

Governance Achievements

• Annual ethics training for all employees covering money laundering, ethics, and regulatory frameworks
• Regular follow-up on internal policies and governance documents to ensure compliance
• Whistleblower function for anonymous reporting of ethical violations (no violations reported in 2019)

Climate Goals & Targets

Environmental Challenges

• Risk of not being able to recruit the right personnel at the desired rate, especially in technology and digital marketing
• Risk of good employees leaving due to high demand for labor in these areas
• Risk of imbalanced gender distribution in the workforce

Mitigation Strategies

• Increasing the attractiveness of Nordnet as a potential employer
• Focusing on employee personal development
• Increasing the number of women in recruitment processes
• Implementing women’s career network “Power Women in Tech”

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2016, Core level

Awards & Recognition

• Stock Broker of the Year (Finland)
• Small Business Bank of the Year (Sweden)
• Fifth most recommended brand in Denmark

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Swedish Corporate Governance Code

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The prevailing pandemic resulted in non-compliance with the requirement regarding attendance at general meetings.

Mitigation Strategies

• The Annual General Meeting was held through postal voting only in accordance with Section 20 of the Act on Temporary Exemptions (2020:198).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Swedish Code of Corporate Governance

Environmental Metrics

ESG Focus Areas

• Democratize savings and investments
• Sustainable savings
• A responsible and sustainable business

Environmental Achievements

• Nordnet annually climate offsets for its greenhouse gas emissions, including employees' commutes and other scope 3 emissions.
• Strive to operate its office spaces with 100 percent renewable energy and reduce its use of paper and recycle waste.

Social Achievements

• Actively working to improve gender equality among private savers and in the workplace.
• Creating a good working environment in terms of physical and mental health, development, and an engaging culture.
• Engaging in projects to increase women’s savings.

Governance Achievements

• Established an Anti-Corruption Policy and Code of Conduct.
• 100 percent of all Nordnet’s suppliers, with a classification of “Outsourcing” and “Critical”, shall have accepted Nordnet’s supplier code of conduct or have an equivalent code.

Climate Goals & Targets

Environmental Challenges

• Majority of Nordnet's customer base consists of men, who also generally have more savings invested in the stock market.
• Risk of customers using Nordnet's products as a tool for their illicit activities.

Mitigation Strategies

• Nordnet shall contribute to a society where more women invest in the stock market and shall contribute to gender equality in the stock market. Nordnet shall have long and short-term goals to measure improvement.
• Risk mitigation activities in this regard shall be included in the anti-money laundering framework of each subsidiary, including enhanced due diligence measures regarding customers that are politically exposed persons and their relatives and close associates.

Supply Chain Management

Responsible Procurement

• Supplier code of conduct based on United Nations Global Compact, Nordnet's core values and sound business ethics.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol