Sbab
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 37 is higher than 59% 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 2 and Scope 3 emissions. Specifically, Scope 2 emissions accounted for about 30,300 kg CO2e, primarily from purchased electricity (21,300 kg CO2e) and purchased heat (8,900 kg CO2e). Scope 3 emissions were notably higher, totalling approximately 59,463,700 kg CO2e, with business travel contributing around 95,500 kg CO2e. Comparatively, in 2022, SBAB's total emissions were about 58,313,000 kg CO2e, with Scope 2 emissions at 38,700 kg CO2e and Scope 3 emissions significantly higher at approximately 124,371,100 kg CO2e. This indicates a slight reduction in total emissions from 2022 to 2023. SBAB has committed to near-term emissions reduction targets, although some commitments have expired. As of January 2023, they are classified as "Committed" to near-term targets, but they have not set a net-zero target. The organisation operates within the financial sector in Sweden and is part of the broader climate initiatives under SBAB Bank AB (publ). Overall, SBAB's emissions data reflects a focus on managing Scope 2 and Scope 3 emissions, with ongoing commitments to improve their climate impact.
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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 |
Industry emissions intensity
Location emissions intensity
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.
Sbab 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.
