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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 company based in Sweden, reported its global carbon emissions for 2025 as approximately 128,000 kg CO2e for Scope 1, 1,829,000 kg CO2e for Scope 2 (market-based), and 4,618,000 kg CO2e for Scope 3 emissions. This includes business travel at 1,927,000 kg CO2e, purchased goods and services at 2,127,000 kg CO2e, fuel and energy related activities at 460,000 kg CO2e, and upstream transportation and distribution at 111,000 kg CO2e.
Looking back, the company's 2024 emissions were approximately 143,000 kg CO2e (Scope 1), 2,205,000 kg CO2e (Scope 2 market-based), and 5,991,000 kg CO2e (Scope 3). In 2023, Scope 1 emissions were around 154,000 kg CO2e, Scope 2 (market-based) emissions were about 2,295,000 kg CO2e, and Scope 3 emissions totalled approximately 6,921,000 kg CO2e, comprising business travel (3,024,000 kg CO2e), purchased goods and services (3,149,000 kg CO2e), fuel and energy related activities (665,000 kg CO2e), and upstream transportation and distribution (83,000 kg CO2e). For 2022, Handelsbanken reported total emissions of approximately 9,304,000 kg CO2e, with Scope 1 at 299,000 kg CO2e, Scope 2 (market-based) at 2,616,000 kg CO2e, and Scope 3 at 6,389,000 kg CO2e.
Handelsbanken is committed to achieving net-zero greenhouse gas emissions across all scopes as soon as possible, and by 2040 at the latest. This ambitious target encompasses lending, leasing, investments, and the Bank's own operations, such as energy consumption and business travel. Furthermore, Handelsbanken aims for an absolute reduction of 50% in emissions by 2030, aligning with the Exponential Roadmap Initiative. The company also has a Science Based Targets initiative (SBTi) commitment for net-zero.
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Handelsbanken’s Climate Goals (2030 & 2050)
2 goals2030
42% reduction in Scope 1
HanD Co., Ltd. commits to reduce absolute scope 1 GHG emissions 42% by FY2030 from a FY2024 base year.
At risk42%
2030
42% reduction in Scope 2
HanD Co., Ltd. commits to reduce absolute scope 2 GHG emissions 42% by FY2030 from a FY2024 base year.
At risk42%
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
FY2030 targetSee details
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
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