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.
+62 vs industry average
Handelsbanken’s score of 97 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
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Handelsbanken's reported carbon emissions
In 2025, Handelsbanken reported total carbon emissions of approximately 4,000,000 kg CO2e, comprising 128,000 kg CO2e from Scope 1, 1,829,000 kg CO2e from Scope 2 (market-based), and 2,927,000 kg CO2e from Scope 3 emissions. The previous year, 2024, emissions were slightly higher at approximately 4,000,000 kg CO2e, with Scope 1 at 143,000 kg CO2e, Scope 2 (market-based) at 2,205,000 kg CO2e, and Scope 3 at 2,714,000 kg CO2e. In 2023, the total emissions were about 4,000,000 kg CO2e, with Scope 1 at 154,000 kg CO2e, Scope 2 (market-based) at 2,295,000 kg CO2e, and Scope 3 at 3,024,000 kg CO2e. Handelsbanken has committed to achieving net-zero emissions by 2040, which encompasses all scopes of emissions, including those from lending, leasing, and investments, as well as its own operations. Additionally, the bank aims to halve its emissions by 2030 as part of its participation in the Exponential Roadmap Initiative. These targets reflect a long-term commitment to sustainability and align with industry standards for climate action. The emissions data is sourced from Svenska Handelsbanken AB (publ) and is not cascaded from any parent organization.
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Handelsbanken’s Climate Goals (2030 & 2050)
1 goal2030
50% reduction in all scopes
Handelsbanken is the first bank to join the Exponential Roadmap Initiative, which drives exponential transformation to halve emissions by 20…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Handelsbanken’s sustainability data and climate commitments
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