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 100% 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 2023, Handelsbanken reported total carbon emissions of approximately 2,107,420 kg CO2e, with emissions distributed across various scopes: 379,950 kg CO2e from Scope 1, 32,150 kg CO2e from Scope 2, and 1,695,390 kg CO2e from Scope 3. This reflects a significant commitment to reducing their carbon footprint, as the bank aims to halve its emissions by 2030 as part of the Exponential Roadmap Initiative. Additionally, Handelsbanken has set a long-term target of achieving net zero emissions by 2040. The bank's emissions data shows a trend of increasing awareness and action towards sustainability. For instance, in 2022, total emissions were reported at 9,304,000 kg CO2e, indicating a potential for substantial reductions moving forward. The bank is also committed to the Science Based Targets initiative (SBTi), with a net zero target set for 2050. Handelsbanken's proactive approach to climate commitments positions it as a leader in the financial sector, focusing on both immediate and long-term sustainability goals.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 47,000 | 00,000 | 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 | 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.
