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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 99% 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 headquartered in SE, is committed to achieving net-zero greenhouse gas emissions by 2040. This ambitious target encompasses its own operations, such as energy consumption and business travel, as well as its lending, leasing, and investment activities.
In terms of direct emissions, Handelsbanken reported:
- 2025: Approximately 128,000 kg CO2e for Scope 1 and approximately 1,829,000 kg CO2e for Scope 2 (market-based).
- 2024: Approximately 143,000 kg CO2e for Scope 1 and approximately 2,205,000 kg CO2e for Scope 2 (market-based).
- 2023: Approximately 154,000 kg CO2e for Scope 1 and approximately 2,295,000 kg CO2e for Scope 2 (market-based).
- 2022: Approximately 299,000 kg CO2e for Scope 1 and approximately 2,616,000 kg CO2e for Scope 2 (market-based).
Scope 3 emissions, which represent a significant portion of the bank's environmental impact, include:
- 2025: Approximately 1,927,000 kg CO2e for business travel and approximately 2,127,000 kg CO2e for purchased goods and services.
- 2024: Approximately 2,489,000 kg CO2e for business travel and approximately 2,714,000 kg CO2e for purchased goods and services.
- 2023: Approximately 3,024,000 kg CO2e for business travel and approximately 3,149,000 kg CO2e for purchased goods and services.
- 2022: A total of approximately 6,389,000 kg CO2e, with specific data for purchased goods and services being missing.
Handelsbanken is actively involved in initiatives driving climate action, including joining the Exponential Roadmap Initiative, which aims to halve emissions by 2030. The bank also has a net-zero commitment aligned with the Science Based Targets initiative (SBTi) by 2050.
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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
Handelsbanken3 months ago
98
Frequently asked questions
Common questions about Handelsbanken’s sustainability data and climate commitments
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