Swedbank
Swedbank AB, commonly referred to as Swedbank, is a leading financial institution headquartered in Sweden (SE). Established in 1820, the bank has evolved into a prominent player in the Nordic and Baltic regions, providing a wide range of banking services to millions of customers. Operating primarily in Sweden, Estonia, Latvia, and Lithuania, Swedbank focuses on retail banking, corporate banking, and asset management. Its core offerings include personal and business accounts, loans, mortgages, and investment services, distinguished by a strong commitment to digital innovation and customer-centric solutions. With a robust market position, Swedbank has achieved notable milestones, including a significant presence in sustainable finance, reflecting its dedication to responsible banking practices. The bank continues to be recognised for its stability and customer trust, making it a key player in the European banking landscape.
DitchCarbon Score
How does Swedbank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Swedbank's score of 61 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Swedbank's reported carbon emissions
In 2023, Swedbank reported total carbon emissions of approximately 19,777,000 kg CO2e across all scopes. This includes 692,000 kg CO2e from Scope 1, 3,678,000 kg CO2e from Scope 2, and a significant 15,407,000 kg CO2e from Scope 3 emissions. This marks a reduction from their 2018 emissions of about 26,983,000 kg CO2e, indicating a positive trend in their climate impact. Swedbank has set ambitious climate commitments, aiming for net-zero emissions by 2050. They plan to reduce direct greenhouse gas emissions by 60% from 2019 levels by 2030, which corresponds to a reduction of approximately 15,008 tonnes CO2e. This target encompasses all scopes of emissions, demonstrating a comprehensive approach to sustainability. The bank is also committed to increasing sustainable financing, aligning with global climate goals. Their initiatives reflect a strong commitment to addressing climate change and reducing their overall carbon footprint in the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,017,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000,000 |
| Scope 2 | 6,014,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000,000 |
| Scope 3 | 19,952,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Swedbank is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
