Skandinaviska Enskilda Banken AB (publ)
Skandinaviska Enskilda Banken AB (publ), commonly known as SEB, is a prominent financial institution headquartered in Stockholm, Sweden. Established in 1856, SEB has evolved into a leading player in the Nordic banking sector, with a strong presence across Sweden, Denmark, Norway, Finland, and the Baltic countries. The bank operates primarily in the financial services industry, offering a diverse range of products including corporate banking, investment management, and retail banking. SEB is recognised for its innovative solutions tailored to meet the needs of both individual and corporate clients. With a commitment to sustainability and digital transformation, SEB has achieved notable milestones, positioning itself as a trusted partner in the financial landscape. Its dedication to customer service and robust financial performance underscores its status as a key player in the Nordic market.
DitchCarbon Score
How does Skandinaviska Enskilda Banken AB (publ)'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
Skandinaviska Enskilda Banken AB (publ)'s score of 36 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Skandinaviska Enskilda Banken AB (publ)'s reported carbon emissions
In 2021, Skandinaviska Enskilda Banken AB (publ) reported total carbon emissions of approximately 9,389,000 kg CO2e. This figure includes Scope 1 emissions of about 1,000 kg CO2e, Scope 2 emissions of approximately 2,852,000 kg CO2e, and significant Scope 3 emissions amounting to around 6,536,000 kg CO2e. The bank has set ambitious reduction targets, aiming for a 35% reduction in Scope 3 emissions by 2030, starting from a baseline established in 2022. This commitment reflects their focus on promoting zero-emission vehicles in heavy vehicle manufacturing, with a target of 35% of new sales being zero-emission vehicles. Historically, emissions have fluctuated, with total emissions peaking at about 21,774,000 kg CO2e in 2019. The bank's proactive approach to climate commitments is evident in its comprehensive emissions reporting across all scopes, demonstrating transparency and accountability in its environmental impact. As of 2024, the bank's total emissions surged to approximately 36,614,802,000 kg CO2e, with Scope 1 emissions at about 695,000 kg CO2e, Scope 2 emissions ranging from 3,139,000 kg CO2e (market-based) to 5,769,000 kg CO2e (location-based), and Scope 3 emissions reaching approximately 36,610,968,000 kg CO2e. This highlights the significant scale of their operations and the importance of their climate initiatives. Overall, Skandinaviska Enskilda Banken AB (publ) is actively working towards reducing its carbon footprint and enhancing its sustainability practices in alignment with global climate goals.
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| 2005 | 2006 | 2007 | 2019 | 2020 | 2021 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 17,200,000 | 00,000,000 | 00,000,000 | 0,000 | 0,000 | 0,000 | 000,000 |
| Scope 2 | 9,400,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,729,421,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 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.
Skandinaviska Enskilda Banken AB (publ) is not participating in any 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.
