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 94% 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 globally. This includes Scope 1 emissions of about 143,000 kg CO2e, Scope 2 emissions of approximately 2,205,000 kg CO2e (market-based), and significant Scope 3 emissions, with business travel contributing about 2,489,000 kg CO2e and purchased goods and services accounting for around 2,714,000 kg CO2e. In 2023, the bank's emissions in Sweden were approximately 2,107,420 kg CO2e, with Scope 1 emissions at about 379,950 kg CO2e, Scope 2 at 32,150 kg CO2e, and Scope 3 emissions reaching approximately 1,695,390 kg CO2e. The total emissions for the same year globally were reported at about 6,040,000 kg CO2e. Handelsbanken has committed to ambitious climate targets, being the first bank to join the Exponential Roadmap Initiative, aiming to halve emissions by 2030. Additionally, the bank has set a long-term goal of achieving net-zero emissions by 2040. Furthermore, it has committed to Science Based Targets initiative (SBTi) targets, aiming for net-zero emissions by 2050. The bank's reduction initiatives include a near-term target to reduce absolute emissions across all scopes by 50% by 2030, with specific commitments to reduce Scope 1 and 2 emissions by 42% and Scope 3 emissions by 25% within the same timeframe. These targets reflect Handelsbanken's proactive approach to addressing climate change and its commitment to sustainability within the financial sector.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 47,000 | 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 |
| 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.
