Handelsbanken Sustainability Profile
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 94 is higher than 97% 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 2024, Handelsbanken reported total carbon emissions of approximately 2,430,000 kg CO2e, with emissions distributed across various scopes: 143,000 kg CO2e (Scope 1), 2,205,000 kg CO2e (Scope 2), and 6,000,000 kg CO2e (Scope 3). The Scope 3 emissions were primarily driven by business travel (about 2,489,000 kg CO2e) and purchased goods and services (approximately 2,714,000 kg CO2e). Handelsbanken has set ambitious climate commitments, aiming for net-zero emissions by 2040. Additionally, the bank is a participant in the Exponential Roadmap Initiative, which targets a 50% reduction in emissions by 2030. These targets encompass all scopes of emissions, reflecting a comprehensive approach to climate action. The bank's long-term strategy includes commitments to the Science Based Targets initiative (SBTi), with a net-zero target set for 2050. This commitment aligns with global efforts to limit temperature rise to 1.5°C, demonstrating Handelsbanken's dedication to sustainable practices within the financial sector. Overall, Handelsbanken's emissions data and climate commitments illustrate a proactive stance towards reducing its carbon footprint and contributing to global climate goals.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 10,544,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | 00,000,000 | 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 | 3,179,000 | 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 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Handelsbanken's Industry?
How Carbon Intensive is Handelsbanken's Location?
Handelsbanken's Scope 3 Categories Breakdown
Handelsbanken's Scope 3 emissions, which decreased by 13% last year and increased by approximately 88% since 2012, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 72% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 45% of Scope 3 emissions.
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Handelsbanken's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Handelsbanken has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Handelsbanken's sustainability data and climate commitments