TF Bank’s Sustainability Policy provides an overarching framework for TF Bank’s environmental and climate-related initiatives, including commitments to reducing emissions, improving resource efficiency and promoting sustainable operations. The Policy ensures compliance with applicable legal and regulatory disclosure requirements.
TF Bank maintains transparency in calculating its carbon footprint, collaborating with external consultants and following the Greenhouse Gas (GHG) Protocol reporting standards, including the Corporate Accounting and Reporting Standard (2004) and the Corporate Value Chain (Scope 3) Accounting and Reporting Standard (2011).
Emissions are classified into three scopes:
- Scope 1 – Direct GHG emissions from sources that are owned or controlled by TF Bank.
- Scope 2 – Indirect GHG emissions from the generation of purchased electricity, heating, cooling, or other energy carriers consumed by TF Bank.
- Scope 3 – all other indirect emissions across the value chain, both upstream and downstream
TF Bank’s indirect environmental impact primarily arises from Scope 3 emissions, particularly those associated with suppliers’ energy use. TF Bank employs a cloud-based server solution that is considered more secure and more energy-efficient than operating its own servers. The data centre used is powered entirely by renewable electricity and is environmentally certified under ISO 14001.
| KPI | 2025 | 2024 |
| Climate impact (t CO2e) | 6316,4 | 4648,8 |
| Climate impact per employee (t CO2e / FTE) | 12,92 | 11,15 |
| Climate impact per net sales (t CO2e / MSEK) | 2,17 | 1,91 |
| Climate impact per office space (t CO2e / m2) | 1,00 | 0,82 |
| Energy consumption per office space (kWh / m2) | 157,06 | 119,17 |
A full Scope 1-3 assessment was conducted for 2025 and 2024. As shown in the table above, there was an overall increase in emissions year‑on‑year from 4,648.8 t CO2e in 2024 to 6,316.4 t CO2e in 2025. This increase is primarily driven by the expansion of TF Bank’s operations during 2025, including offices in more countries, growth in the number of employees, and the resulting rise in commuting‑related emissions. Increased office space consumption and business travel also contributed to the upward trend, reflecting the Bank’s international footprint and continued organisational growth.
While TF Bank prioritises video conferencing across all offices to reduce travel-related emissions and facilitate collaboration, business travel remains necessary in certain cases to support customer relationships, operational coordination, and regulatory compliance across multiple countries.
TF Bank applies standard environmental practices across its offices, including structured recycling procedures, responsible waste handling, and the use of environmentally certified and eco-labelled office supplies wherever feasible. These measures form part of the Bank’s commitment to maintaining responsible day-to-day operations and reducing operational environmental impacts.
While office-related environmental impacts remain limited in scale, TF Bank seeks to contribute to reduced emissions in its value chain. Within the Ecommerce Solutions segment, digital optimisation tools such as Avarda Return Optimiser support partners in lowering return rates and associated transport emissions.
TF Bank also considers it essential that its suppliers maintain high ethical standards and act responsibly. To support this, the Bank has adopted a Code of Conduct for Suppliers. Suppliers are required either to formally approve the Code or demonstrate that they have an equivalent internal code of conduct in place.
At this stage, TF Bank has not yet established a formal, quantified CO₂ emissions reduction plan with defined targets. However, the Bank continuously monitors emissions across Scopes 1–3 and is actively strengthening its carbon accounting practices by refining data collection processes, improving calculation methodologies, and enhancing internal reporting structures. This work supports the environmental time horizon and strategic focus outlined earlier in the report. In the short term, efforts concentrate on strengthening ESG-related policies and initiating low-carbon transition measures while improving emissions data quality. Over the medium to long term, enhanced measurement and monitoring will provide the foundation for deeper ESG integration, operational transition initiatives, and alignment with evolving regulatory expectations, including longer-term net-zero ambitions.