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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.
100
DitchCarbon score
+63 vs industry average
Handelsbanken’s score of 100 is higher than 100% 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 provider based in Sweden, reported total Scope 1, 2, and 3 emissions for 2023 at approximately 6.3 million kg CO2e. This includes Scope 1 emissions of 154,000 kg CO2e, Scope 2 emissions (market-based) of 2.3 million kg CO2e, and Scope 3 emissions that comprise 3.0 million kg CO2e from business travel, 3.1 million kg CO2e from purchased goods and services, 665,000 kg CO2e from fuel and energy-related activities, and 83,000 kg CO2e from upstream transportation and distribution.
For 2024, Handelsbanken's preliminary data indicates Scope 1 emissions of 143,000 kg CO2e and Scope 2 (market-based) emissions of 2.2 million kg CO2e. Scope 3 emissions for 2024 include 2.5 million kg CO2e from business travel, 2.7 million kg CO2e from purchased goods and services, 669,000 kg CO2e from fuel and energy-related activities, and 119,000 kg CO2e from upstream transportation and distribution.
Looking ahead to 2025, Handelsbanken's projections show Scope 1 emissions of 128,000 kg CO2e and Scope 2 (market-based) emissions of 1.8 million kg CO2e. Projected Scope 3 emissions for 2025 are 1.9 million kg CO2e from business travel, 2.1 million kg CO2e from purchased goods and services, 460,000 kg CO2e from fuel and energy-related activities, and 111,000 kg CO2e from upstream transportation and distribution.
Handelsbanken has committed to achieving net-zero greenhouse gas emissions as soon as possible, and 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 bank has also joined the Exponential Roadmap Initiative, aiming to halve its emissions by 2030 across all scopes. These targets are consistent with those set by Svenska Handelsbanken publ. as listed by the Science Based Targets initiative (SBTi), which show a commitment to net-zero and are aligned with a 1.5°C warming scenario. The SBTi classification for Svenska Handelsbanken publ. is "Committed" for near-term targets and "Yes" for net-zero.
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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
Handelsbanken4 months ago
100
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Frequently asked questions
Common questions about Handelsbanken’s sustainability data and climate commitments
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