Skandinaviska Enskilda Banken AB (publ)

Skandinaviska Enskilda Banken AB (publ), a commercial banking firm headquartered in SE, reported estimated total emissions of approximately 36.06 billion kg CO2e in 2025. This includes about 658,000 kg CO2e from Scope 1, approximately 3.25 million kg CO2e (market-based) from Scope 2, and around 36.06 billion kg CO2e from Scope 3. Notably, Scope 3 emissions in 2025 were heavily influenced by investments, accounting for roughly 36.05 billion kg CO2e.

Looking back, the company's total emissions were approximately 36.50 billion kg CO2e in 2024, with Scope 1 at about 695,000 kg CO2e, Scope 2 market-based at approximately 3.14 million kg CO2e, and Scope 3 at around 36.49 billion kg CO2e, largely driven by investments. In 2023, total emissions were significantly lower at approximately 13.25 million kg CO2e, comprising around 796,000 kg CO2e from Scope 1, approximately 777,000 kg CO2e from Scope 2, and about 11.68 million kg CO2e from Scope 3.

Skandinaviska Enskilda Banken AB (publ) has set ambitious climate commitments. The company aims to achieve net-zero emissions by 2050 at the latest across all scopes. Intermediate targets include reducing absolute Scope 1 and Scope 2 CO2 emissions by 75% by 2030, compared to a 2008 baseline, with a further goal of achieving close to 100% reduction by 2045. SEB Investment Management, a part of the group, has joined the Net Zero Asset Managers initiative, committing to net-zero greenhouse gas emissions by 2040 and aligning all investments with the Paris Agreement.

The bank also has sector-specific intensity reduction targets for Scope 3 emissions, including a 43% reduction in power generation emission intensity and a 60% reduction in car manufacturing emission intensity by 2030, both compared to a 2020 baseline. Additionally, the company has a near-term target to reduce total carbon emissions by 20% between 2016 and 2020. In 2021, the company aimed to be climate-neutral through climate compensation.