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 35 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Alandsbanken's reported carbon emissions
In 2023, Ålandsbanken Abp 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, primarily from investments, which accounted for about 1,903,523,000 kg CO2e. In 2022, the bank's total emissions were approximately 1,591,625,000 kg CO2e, with Scope 1 emissions at about 4,000 kg CO2e and Scope 2 emissions at around 85,000 kg CO2e. The Scope 3 emissions for that year were substantial, totalling approximately 1,297,418,000 kg CO2e. Ålandsbanken has set near-term targets aligned with the 1.5°C climate goal, aiming to cover 24% of its total investment and lending by total assets and assets under management as of 2021. These targets include a focus on required activities, which made up 1% of their total investment and lending, while optional activities constituted 82%. The bank's commitment to reducing emissions is evident in its strategy to address greenhouse gas emissions from its operations (Scopes 1 and 2) in line with industry standards. Overall, Ålandsbanken is actively working towards reducing its carbon footprint and aligning its operations with global climate commitments, although it has not yet committed to a net-zero target.
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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 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.
