Commercial, Energy Efficiency, GHG Emissions  -  March 7, 2024

Klarna Lowers GHG Emissions by 25%

Klarna, an AI-powered global payments provider and shopping assistant, announced its sustainability achievements from the past year, including a 25% reduction in its overall absolute carbon footprint in 2023 compared to the previous year.

The company achieved a 66% decrease in Scope 1 and 2 emissions and a 39% reduction in carbon intensity. In addition, the company has to date committed $24.5 million to planet health initiatives. 

"At Klarna, we're dedicated to accelerating commerce in a way that also takes into account the environmental challenges our world faces. We've set ambitious internal sustainability goals and, as a global payments and shopping assistant with 150 million consumers and 550,000 retail partners, recognize our extensive influence beyond mere operations. This understanding drives our commitment to developing and promoting tools and services for more mindful, conscious consumption," said Alexander Farsan, Head of Climate and Environment at Klarna, in a statement. "We're proud of Klarna's 2023 accomplishments, including the significant updates to our CO2e tracker, which experienced a 150% year-over-year increase in users, our notable reduction in GHG emissions, and $24.5 million contributed to  environmental initiatives to date, and look forward to continuing to make a positive impact in 2024."

Klarna was named the Most Sustainable Bank in Sweden 2023 by the Sustainable Brand Index and received the Most Disruptive Global Climate Action Initiative in the CSR Excellence Awards and a finalist position in the Reuters Responsible Business Awards within the Net Zero Transition Award category.