Alandsbanken

Ålandsbanken, headquartered in AX and operating in financial intermediation services, reported total emissions of approximately 4.12 billion kg CO2e in 2025. This includes about 6,000 kg CO2e from Scope 1 emissions, 50.65 million kg CO2e from Scope 2 emissions (market-based: 44,000 kg CO2e), and approximately 7.80 billion kg CO2e from Scope 3 emissions. The largest contributors to Scope 3 were investments at approximately 4.36 billion kg CO2e.

Looking back, in 2024, their total emissions were about 3.04 billion kg CO2e, with Scope 1 at 6,000 kg CO2e, Scope 2 at 42.18 million kg CO2e (market-based: 49,000 kg CO2e), and Scope 3 at around 5.70 billion kg CO2e. In 2021, Ålandsbanken's total emissions were approximately 2.31 billion kg CO2e, comprising about 5,000 kg CO2e from Scope 1, 41.18 million kg CO2e from Scope 2 (market-based: 166,000 kg CO2e), and 4.09 billion kg CO2e from Scope 3.

Ålandsbanken has set several climate commitments. The company aims to reduce its Scope 1 and Scope 2 CO2e emissions by 50% by no later than 2030, using 2021 as the baseline. Furthermore, Ålandsbanken is committed to becoming a climate-neutral organisation by no later than 2035, aligning with Finland’s climate policy.

Ålandsbanken Abp has also set Science Based Targets initiative (SBTi) near-term targets classified as consistent with a 1.5°C warming scenario. These targets, set in 2025 with a target year of 2028 and 2030, cover greenhouse gas emissions from company operations (Scopes 1 and 2). Their portfolio targets cover 24% of total investment and lending by total assets and assets under management as of 2021. This includes 39% of assets under management.