Sek Sustainability Profile
Sek, officially known as Sek AB, is a prominent player in the construction and building materials industry, headquartered in Sweden (SE). Founded in 1951, the company has established itself as a leader in providing innovative solutions for insulation and energy efficiency, catering primarily to the Nordic region and expanding its reach across Europe. Sek's core offerings include high-performance insulation products and systems designed to enhance energy efficiency in residential and commercial buildings. What sets Sek apart is its commitment to sustainability and quality, ensuring that its products not only meet but exceed industry standards. With a strong market position, Sek has achieved notable milestones, including numerous awards for innovation and sustainability. The company continues to drive advancements in building technology, making it a trusted partner for architects, builders, and contractors alike.
DitchCarbon Score
How does Sek'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
Sek's score of 36 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sek's reported carbon emissions
In 2024, SEK reported total carbon emissions of approximately 695,000 kg CO2e, with Scope 2 emissions accounting for about 19,000 kg CO2e and Scope 3 emissions reaching approximately 676,000 kg CO2e. This marks a significant increase from 2023, where total emissions were about 492,000 kg CO2e, with Scope 2 at approximately 9,000 kg CO2e and Scope 3 at around 483,000 kg CO2e. Over the past three years, SEK's emissions have risen from about 325,000 kg CO2e in 2022 and 129,000 kg CO2e in 2021, indicating a concerning upward trend. SEK has not set specific reduction targets or initiatives as part of its climate commitments, and there are no emissions data cascaded from a parent organization. The absence of defined reduction strategies suggests a need for enhanced climate action within the organisation. The emissions data reflects a growing challenge in managing carbon footprints, particularly in Scope 3 emissions, which are often the most significant for financial institutions. Overall, SEK's emissions trajectory highlights the importance of establishing robust climate strategies to mitigate future impacts and align with global sustainability goals.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 767,000 | 000,000 | - | 00,000 | 00,000 | 00,000 | - | - | - | - | - |
| Scope 2 | - | - | 00,000 | 00,000 | 00,000 | 00,000 | 0,000 | 00,000 | 0,000 | 0,000 | 00,000 |
| Scope 3 | - | - | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Sek's Industry?
How Carbon Intensive is Sek's Location?
Sek's Scope 3 Categories Breakdown
Sek's Scope 3 emissions, which increased by 40% last year and increased by approximately 86% since 2016, 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" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Sek'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.
Sek 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.
