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 56 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Swedbank's reported carbon emissions
In 2023, Swedbank reported total carbon emissions of approximately 19,777,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 15,407,000 kg CO2e. This marked an increase from 2022, where total emissions were around 14,559,000 kg CO2e. The bank's emissions profile includes Scope 1 and Scope 2 emissions, which were approximately 2,300,000 kg CO2e and 3,678,000 kg CO2e, respectively. Swedbank has set ambitious climate commitments, aiming for net-zero emissions by 2050. The bank plans to reduce its direct greenhouse gas emissions by 60% from 2019 levels by 2030, encompassing all scopes (1, 2, and 3). These targets are part of a broader strategy to enhance sustainable financing and align with the Science Based Targets initiative (SBTi), which Swedbank is committed to. In previous years, Swedbank's emissions were notably lower, with 2022 emissions at approximately 14,559,000 kg CO2e and 2021 at about 9,201,000 kg CO2e. The bank's emissions have fluctuated, reflecting its ongoing efforts to manage and reduce its carbon footprint while increasing its sustainable financing initiatives.
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| 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 committed to some reduction initiatives 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.
