Handelsbanken
Handelsbanken, officially known as Svenska Handelsbanken AB, is a prominent Swedish bank headquartered in Stockholm, Sweden (SE). Established in 1871, the bank has grown to become a key player in the financial services industry, with a strong presence across Scandinavia, the UK, and the Netherlands. Specialising in retail and corporate banking, Handelsbanken is renowned for its customer-centric approach, offering a range of services including personal banking, mortgages, and investment solutions. The bank's unique decentralised model empowers local branches to make decisions, fostering strong relationships with clients. With a commitment to stability and sustainability, Handelsbanken has consistently ranked highly in customer satisfaction surveys and maintains a robust market position, reflecting its dedication to long-term financial health and community engagement.
DitchCarbon Score
How does Handelsbanken'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
Handelsbanken's score of 88 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Handelsbanken's reported carbon emissions
In 2024, Handelsbanken reported total carbon emissions of approximately 2,430,000 kg CO2e globally. This includes 143,000 kg CO2e from Scope 1 emissions, 2,205,000 kg CO2e from Scope 2 emissions (market-based), and significant Scope 3 emissions of about 2,489,000 kg CO2e from business travel, 2,714,000 kg CO2e from purchased goods and services, and additional emissions from fuel and energy-related activities. For 2023, the bank's emissions in Sweden were reported at approximately 2,107,420 kg CO2e, with Scope 1 emissions at 379,950 kg CO2e, Scope 2 at 32,150 kg CO2e, and Scope 3 at about 1,695,390 kg CO2e. The global figures for 2023 included 154,000 kg CO2e from Scope 1, 2,295,000 kg CO2e from Scope 2 (market-based), and substantial Scope 3 emissions totalling approximately 3,024,000 kg CO2e. Handelsbanken has committed to ambitious climate targets, including a 50% reduction in emissions by 2030, as part of the Exponential Roadmap Initiative, and aims for net-zero emissions by 2040. Additionally, the bank has set long-term net-zero targets through the Science Based Targets initiative (SBTi), with a commitment to achieve net-zero emissions by 2050. The bank's emissions data is sourced from its parent company, Svenska Handelsbanken AB (publ), ensuring consistency and transparency in reporting.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 47,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 12,306,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 4,787,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Handelsbanken 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.
