Alandsbanken

Ålandsbanken, headquartered in AX and operating within financial intermediation services, demonstrates a commitment to reducing its carbon footprint through several key initiatives.

For the reporting year 2025, Ålandsbanken reported total Scope 1 and 2 emissions of approximately 50,000 kg CO2e, with Scope 3 emissions contributing significantly to its overall environmental impact. Specifically, purchased goods and services accounted for about 4,459,000 kg CO2e, and business travel was approximately 797,000 kg CO2e.

In 2024, total Scope 1 and 2 emissions were around 55,000 kg CO2e. Scope 3 emissions included approximately 9,321,000 kg CO2e from purchased goods and services and about 722,000 kg CO2e from business travel.

For the reporting year 2023, Ålandsbanken's Scope 1 and 2 emissions totalled approximately 59,600 kg CO2e. Scope 3 emissions were dominated by purchased goods and services at about 3,481,800 kg CO2e and business travel at approximately 674,900 kg CO2e.

In 2022, the bank reported total emissions of approximately 1,591,625,000 kg CO2e. This included Scope 1 emissions of about 4,000 kg CO2e and Scope 2 emissions of approximately 85,000 kg CO2e. Scope 3 emissions were substantial, with investments accounting for about 1,311,174,000 kg CO2e and purchased goods and services at approximately 2,722,000 kg CO2e.

Ålandsbanken has set ambitious climate targets. By 2030, the bank aims to reduce its CO2e emissions by 50% compared to 2021 levels, with specific targets for Scope 1 and Scope 2 reductions. Furthermore, Ålandsbanken is committed to becoming a climate-neutral organisation by 2035, aligning with Finland's climate policy. Their Science Based Targets initiative (SBTi) commitments indicate that their operational targets (scopes 1 and 2) are consistent with keeping global warming to 1.5°C, with a near-term target set for 2030. These targets cover a portion of their investment and lending portfolios.