back Back

Klarna implements decarbonization strategies in line with Paris Agreement

By Joy Dumasia

June 30, 2021

  • Europe
  • Klarna
Share

Klarna, a global retail bank, payments, and shopping service, announced that the company is joining The Climate Pledge and the Race to Zero campaign. Klarna implements decarbonization strategies in line with the Paris Agreement to reach net-zero greenhouse gas emissions in all scopes by 2040. 

As part of the Climate Pledge, Klarna commits itself to:            

  • Measure and report greenhouse gas emissions regularly.         
  • Implement decarbonization strategies in line with the Paris Agreement through fundamental business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies.          
  • Neutralize any remaining emissions with additional, quantifiable, tangible, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions. 

Klarna’s climate strategy is inspired by the WWF and BCG blueprint for corporate climate action. Companies measure, display, reduce and price their emissions and financially contribute to high-impact climate projects to permanently remove carbon. The annual sum is established through an internal carbon tax set at $100/tonne for all scope 1, 2 and travel emissions (remaining scope three emissions set at $10/tonne). 

Klarna has allocated 1% of its latest funding rounds to initiatives supporting the planet; the donations will focus on backing initiatives tackling the most pressing challenges around climate change and biodiversity loss.

David Sandström, CMO of Klarna, says: “We as a global company have a great responsibility to tackle some of the most pressing challenges for our planet’s health. We, therefore, join forces with other major players to prevent long-term damage to our economies and ways of life. Managing Klarna’s environmental impact is a top priority for Klarna, and we aim to further promote environmental awareness and knowledge among our employees, customers and partners.”

Recently, IBS Intelligence reported that Klarna had selected business finance platform Liberis for a strategic collaboration to provide additional financial services to Klarna merchants. Through this partnership, Liberis will initially provide revenue-based financing to Klarna merchants. Klarna can also offer its merchant partners flexible financing solutions, pre-approved with fair and equitable payment terms based on their revenues and actual transactions.

Previous Article

June 30, 2021

Danske Bank to merge MobilePay with Norwegian FinTech Vipps and Pivo

Read More
Next Article

June 30, 2021

Emburse unveils Emburse Analytics to transform data into actionable insights

Read More










IBSi Daily News Analysis

Payments, holidays, Black friday

November 29, 2022

Europe

Black Friday sales could surge £200m if payments didn’t fail, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

November 28, 2022

Moneycorp partners with BankClarity for cross-border payments

Read More

November 25, 2022

Suresh Viswanathan joins Nationwide as Chief Operating Officer

Read More

November 25, 2022

Railsr releases embedded banking dashboard, Insights

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022