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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 62% 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. This figure includes 30,300 kg CO2e from Scope 2 emissions, which are primarily associated with purchased electricity (21,300 kg CO2e), purchased heat (8,900 kg CO2e), and minimal purchased cooling (100 kg CO2e). The majority of emissions stem from Scope 3, amounting to about 59,463,700 kg CO2e, with significant contributions from business travel (95,500 kg CO2e) and waste generated in operations (100 kg CO2e). Comparatively, in 2022, SBAB's total emissions were approximately 58,313,000 kg CO2e, with Scope 2 emissions at 38,700 kg CO2e and Scope 3 emissions significantly higher at about 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 a previous commitment has been removed. As of January 2023, they are classified as "Committed" to near-term targets, but they have not set a net-zero target. The organization 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 ongoing efforts to monitor and manage their carbon footprint, with a focus on Scope 2 and Scope 3 emissions, while their commitment status indicates a proactive approach to climate action despite the expiration of earlier targets.
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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.
