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Financial Intermediation
SE
updated 2 months ago

ICA Banken AB

Company website

ICA Banken AB, a prominent player in the Swedish banking sector, is headquartered in Sweden (SE) and primarily operates within the Nordic region. Founded in 2001, the bank has established itself as a key provider of financial services, focusing on personal banking, savings accounts, and loans tailored to meet the needs of its customers. With a commitment to innovation, ICA Banken offers unique products such as integrated banking solutions for ICA Group customers, enhancing convenience and accessibility. The bank's strong market position is underscored by its customer-centric approach and notable achievements in digital banking services. As a subsidiary of the well-known ICA Group, ICA Banken continues to thrive in the competitive landscape, delivering value and reliability to its clientele.

DitchCarbon Score

How does ICA Banken AB'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.

71

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.

27

Industry Benchmark

ICA Banken AB's score of 71 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.

85%

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ICA Banken AB's reported carbon emissions

Inherited from ICA Gruppen AB (publ)

ICA Banken AB, headquartered in Sweden (SE), currently does not have specific carbon emissions data available for the most recent year. The bank is a current subsidiary of ICA Gruppen AB (publ), which influences its climate commitments and initiatives. While ICA Banken AB does not report its own emissions, it inherits significant climate commitments from its parent company, ICA Gruppen AB (publ). This includes participation in various sustainability initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), both of which are cascaded from ICA Gruppen AB (publ) at a level 1 relationship. ICA Gruppen AB (publ) has set ambitious targets to reduce its carbon footprint, although specific reduction targets for ICA Banken AB are not detailed. The bank is committed to aligning with industry standards for climate action, reflecting a broader commitment to sustainability within the financial sector. In summary, while ICA Banken AB does not currently report specific emissions data, it is part of a corporate family that prioritises climate action and sustainability through inherited commitments from ICA Gruppen AB (publ).

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2018201920202021202220232024
Scope 1
38,670,000
00,000,000
00,000,000
00,000,000
000,000,000
00,000,000
00,000,000
Scope 2
35,567,000
00,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 3
72,607,000
00,000,000
00,000,000
000,000
0,000,000,000
00,000,000,000
00,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. ICA Banken AB's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for ICA Banken AB is in SE, which has a very low grid carbon intensity relative to other regions.

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.

ICA Banken AB is not participating in any 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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