Sbab Sustainability Profile
Sbab, officially known as SBAB Bank AB, is a prominent player in the Swedish financial services industry, headquartered in Stockholm, Sweden. Founded in 1985, the bank has established itself as a leading provider of mortgage loans and savings accounts, catering primarily to the Swedish market. With a focus on digital banking solutions, Sbab offers unique products such as competitive mortgage rates and user-friendly online platforms, setting it apart from traditional banks. The company has achieved significant milestones, including a strong market position as one of Sweden's top mortgage lenders, recognised for its customer-centric approach and innovative services. Sbab continues to evolve within the financial sector, maintaining a commitment to transparency and sustainability, which resonates well with modern consumers seeking reliable banking options.
DitchCarbon Score
How does Sbab'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
Sbab's score of 40 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sbab's reported carbon emissions
In 2023, SBAB reported total carbon emissions of approximately 59,494,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 59,463,700 kg CO2e. Scope 2 emissions were reported at approximately 30,300 kg CO2e, primarily from purchased electricity (21,300 kg CO2e) and purchased heat (8,900 kg CO2e). Comparatively, in 2022, SBAB's total emissions were about 58,313,000 kg CO2e, with Scope 3 emissions significantly higher at approximately 124,371,100 kg CO2e, indicating a substantial increase in emissions from investments and other activities. The Scope 2 emissions for 2022 were around 38,700 kg CO2e. SBAB has committed to near-term reduction targets, although some commitments have expired. As of January 2023, they are classified as having a near-term target status of "Committed," but they have not set a net-zero target. The organization operates within the financial sector in Sweden and has not disclosed specific reduction initiatives or long-term targets. The emissions data is sourced from SBAB Bank AB (publ) and reflects their commitment to transparency in reporting their carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | 0,000 | - | - | - |
| Scope 2 | 39,600 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 481,800 | 000,000 | 000,000 | 000,000,000 | 00,000,000 |
How Carbon Intensive is Sbab's Industry?
How Carbon Intensive is Sbab's Location?
Sbab's Scope 3 Categories Breakdown
Sbab's Scope 3 emissions, which decreased by 52% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
Sbab'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.
Sbab 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.
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Frequently Asked Questions
Common questions about Sbab's sustainability data and climate commitments