Alandsbanken
Alandsbanken, also known as Ålandsbanken, is a prominent financial institution headquartered in the Åland Islands (AX). Established in 1919, the bank has grown to serve a diverse clientele across Finland and Sweden, focusing on retail banking, corporate banking, and wealth management. With a commitment to personalised service, Ålandsbanken offers a range of unique products, including tailored investment solutions and sustainable banking options. The bank has earned a strong market position, recognised for its stability and customer-centric approach. Notable achievements include its consistent ranking among the top banks in customer satisfaction within its operational regions. As a key player in the Nordic banking sector, Ålandsbanken continues to innovate while upholding its core values of trust and transparency.
DitchCarbon Score
How does Alandsbanken'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
Alandsbanken's score of 45 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Alandsbanken's reported carbon emissions
In 2023, Ålandsbanken reported total carbon emissions of approximately 2,178,981,000 kg CO2e. This figure includes Scope 1 emissions of about 5,000 kg CO2e, Scope 2 emissions of approximately 54,000 kg CO2e, and significant Scope 3 emissions totalling around 2,178,922,000 kg CO2e, primarily driven by investments (1,903,523,000 kg CO2e) and purchased goods and services (3,482,000 kg CO2e). Ålandsbanken has set ambitious climate commitments, aiming to reduce its CO2e emissions by 50% by 2030 compared to 2021 levels, specifically targeting both Scope 1 and Scope 2 emissions. Additionally, the bank is committed to achieving climate neutrality across all scopes by 2035, aligning with Finland's climate policy. The bank's near-term targets are classified under the 1.5°C pathway, with a focus on covering 24% of its total investment and lending by total assets and assets under management as of 2021. This includes a significant emphasis on required activities, which constituted 1% of total investments, while optional activities made up 82%. Overall, Ålandsbanken's climate strategy reflects a proactive approach to managing its carbon footprint and contributing to global climate goals.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 5,000 | 0,000 | 0,000 |
| Scope 2 | 72,000 | 00,000 | - |
| Scope 3 | 1,956,003,000 | 0,000,000,000 | 0,000,000,000 |
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.
Alandsbanken 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.
