Länsförsäkringar Bank AB (publ) Sustainability Profile
Länsförsäkringar Bank AB (publ), commonly referred to as Länsförsäkringar, is a prominent financial institution headquartered in Sweden. Established in 1996, the bank operates primarily in the Swedish market, providing a comprehensive range of banking and insurance services. Its core offerings include personal banking, savings accounts, loans, and insurance products, all designed to meet the diverse needs of its customers. Länsförsäkringar stands out in the industry due to its unique cooperative structure, which allows it to prioritise customer interests and community engagement. The bank has achieved significant milestones, including a strong market position as one of Sweden's leading banks, recognised for its customer satisfaction and innovative financial solutions. With a commitment to sustainability and local development, Länsförsäkringar continues to play a vital role in the Swedish financial landscape.
DitchCarbon Score
How does Länsförsäkringar Bank AB (publ)'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
Länsförsäkringar Bank AB (publ)'s score of 56 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Länsförsäkringar Bank AB (publ) currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The bank is a current subsidiary of Länsförsäkringar AB (publ), which may influence its climate commitments and initiatives. While there are no documented reduction targets or specific climate pledges from Länsförsäkringar Bank AB (publ), emissions data and performance metrics are cascaded from its parent company, Länsförsäkringar AB (publ). This relationship may provide insights into broader sustainability efforts within the corporate family, although specific figures and targets are not disclosed at this level. In the context of the financial services industry, Länsförsäkringar Bank AB (publ) is expected to align with industry standards for climate action, potentially engaging in initiatives such as the Carbon Disclosure Project (CDP) through its parent company. However, without explicit data or commitments, the bank's current climate impact and future goals remain unspecified.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 |
| Scope 2 | 3,307,000 | 000,000 | 000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000,000 |
How Carbon Intensive is Länsförsäkringar Bank AB (publ)'s Industry?
How Carbon Intensive is Länsförsäkringar Bank AB (publ)'s Location?
Länsförsäkringar Bank AB (publ)'s Scope 3 Categories Breakdown
Länsförsäkringar Bank AB (publ)'s Scope 3 emissions, which increased significantly last year and increased significantly since 2023, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 99% of Scope 3 emissions.
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Länsförsäkringar Bank AB (publ)'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Länsförsäkringar Bank AB (publ) has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
