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Handelsbanken, officially known as Svenska Handelsbanken AB, is a prominent Swedish financial institution headquartered in Stockholm, Sweden. Established in 1871, the bank has a long-standing history of providing comprehensive financial intermediation services, excluding insurance and pension funding. Its core offerings include personal and corporate banking, asset management, and specialised lending, distinguished by a strong emphasis on localised customer service and prudent risk management.
With a significant presence across Sweden and operations in several other European countries, Handelsbanken has built a reputation for stability and customer-centric banking. The bank’s notable achievements include consistent financial performance and a focus on sustainable growth, positioning it as a trusted leader within the financial intermediation sector. Its commitment to personalised service and conservative banking principles set it apart in the competitive financial landscape.
98
DitchCarbon score
+61 vs industry average
Handelsbanken’s score of 98 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Handelsbanken's reported carbon emissions
Handelsbanken, a financial intermediation services company based in Sweden, reported total emissions of about 8.8 million kg CO2e in 2025. This includes approximately 128,000 kg CO2e from Scope 1 emissions, 1.8 million kg CO2e from Scope 2 market-based emissions, and 4.6 million kg CO2e from various Scope 3 categories, including business travel (1.9 million kg CO2e), purchased goods and services (2.1 million kg CO2e), fuel and energy-related activities (460,000 kg CO2e), and upstream transportation and distribution (111,000 kg CO2e).
In 2024, the company's total emissions were about 9.4 million kg CO2e, comprising approximately 143,000 kg CO2e in Scope 1, 2.2 million kg CO2e in Scope 2 market-based, and 6 million kg CO2e in Scope 3. Their 2023 total emissions were approximately 9.9 million kg CO2e, with Scope 1 at about 154,000 kg CO2e, Scope 2 market-based at around 2.3 million kg CO2e, and Scope 3 at about 6.9 million kg CO2e.
Handelsbanken is committed to achieving net-zero emissions of greenhouse gases by 2040 at the latest. This ambitious target covers all scopes, including lending, leasing, investments, and the bank's own operations such as energy consumption and business travel. The company has also committed to halving its emissions by 2030, aligning with the Exponential Roadmap Initiative. Handelsbanken is a signatory to the Science Based Targets initiative (SBTi) and has committed to net-zero targets as a financial institution.
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Handelsbanken’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Handelsbanken5 months ago
98
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Frequently asked questions
Common questions about Handelsbanken’s sustainability data and climate commitments
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