We are committed to addressing the environmental challenges the world is facing with particular urgency by setting ambitious carbon emissions targets and supporting initiatives that mitigate climate change and biodiversity loss. In April 2021, we committed to dedicating 1% of future funding rounds to initiatives that promote the health of the planet, particularly those that protect, mitigate and restore climate and biodiversity. We have also implemented an internal carbon tax that goes toward effective climate projects and launched the CO₂ Emissions Tracker in our app, offering CO₂ insights for all shopping purchases our 90 million customers make through Klarna.
Greenhouse gas emissions
In calculating our Scope 1-3 emissions, we follow the guidelines of the GHG Protocol, the world’s leading reporting standard for carbon and corporate emissions. Therefore, in addition to our commuting and travel emissions, we also include the carbon footprint of our supply chain in our Scope 3 reporting.
Scope GHG emissions Jan – Dec 2020
Scope 3: 86,972 tCO₂e
Scope 2: 761 tCO₂e
Scope 1: 396 tCO₂e
Reducing our footprint by 50% by 2030
As part of our Climate Commitment, we have set a target to reduce our emissions by 50% by 2030. We are addressing our own carbon footprint with an ambitious new approach by making an annual financial contribution to high-impact climate projects, including but not limited to carbon removals from technical carbon removal, biochar, blue carbon, reforestation, and forest protection
The annual sum will be established through an internal carbon tax set at:
$100/tonne for all Scope 1, 2 and travel emissions
$10/tonne for all remaining Scope 3 emissions
In addition, we will reduce our emissions by working with our suppliers to encourage them to measure and reduce their own emissions, establishing carbon-free cloud infrastructure, increasing our efforts to purchase clean electricity, and reducing business travel and commuting.
Give One – Our planet health initiative
The Give One initiative is the starting point of Klarna’s contributions to the health of the planet. On Earth Day 2021, Klarna pledged to donate 1% of all funding rounds to initiatives that improve the health of the planet, specifically to actions that preserve, mitigate and restore climate and biodiversity. At the time, that was $10 million (September 2021: $16.5 million). And because we want others to do the same, we’re making giving easy and transparent for our 90 million active customers. A curated committee of experts will help select which global solutions to fund. Learn more about Give One and the organizations we are supporting here.
CO₂ Emissions Tracker
As our customers increasingly demand support to better understand how their purchasing power impacts the planet, we have also introduced the CO₂ Emissions Tracker in our app. It provides CO₂ insights for all purchases made by our 90 million customers at Klarna, supported by Doconomy’s Åland Index. Through this integration, Klarna customers can see the climate impact of their purchases directly in the app. This is represented by average kgCO₂ ratings for each transaction and the action taken on those emissions by donating to a Carbon Transformation Fund. The new feature makes CO₂ data accessible on a global scale, bringing to life one of the largest carbon footprint awareness efforts ever.
We have committed to the Climate Pledge and signed on to the Race to Zero campaign supported by the United Nations. In doing so, we join other leading companies to drive meaningful change and advance climate protection further and faster. We commit to implementing decarbonization measures in line with the Paris Agreement to reduce our CO₂ emissions by 50% by 2030. In the long term, Klarna commits to achieving net-zero emissions across the company by 2040 at the latest.