Skandinaviska Enskilda Banken AB (publ)
Skandinaviska Enskilda Banken AB (publ), commonly known as SEB, is a prominent financial institution headquartered in Stockholm, Sweden. Established in 1856, SEB has evolved into a leading player in the Nordic banking sector, with a strong presence across Sweden, Denmark, Norway, Finland, and the Baltic countries. The bank operates primarily in the financial services industry, offering a diverse range of products including corporate banking, investment management, and retail banking. SEB is recognised for its innovative solutions tailored to meet the needs of both individual and corporate clients. With a commitment to sustainability and digital transformation, SEB has achieved notable milestones, positioning itself as a trusted partner in the financial landscape. Its dedication to customer service and robust financial performance underscores its status as a key player in the Nordic market.
DitchCarbon Score
How does Skandinaviska Enskilda Banken AB (publ)'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
Skandinaviska Enskilda Banken AB (publ)'s score of 70 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Skandinaviska Enskilda Banken AB (publ)'s reported carbon emissions
In 2024, Skandinaviska Enskilda Banken AB (publ) reported total carbon emissions of approximately 36,610,968,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 36,610,000,000 kg CO2e. Scope 1 emissions were reported at 695,000 kg CO2e, while Scope 2 emissions (market-based) totalled approximately 3,139,000 kg CO2e. In 2023, the bank's total emissions were about 13,251,000 kg CO2e, with Scope 1 emissions at 796,000 kg CO2e, Scope 2 emissions at 777,000 kg CO2e, and Scope 3 emissions contributing significantly, particularly from business travel at approximately 8,904,000 kg CO2e. SEB has set ambitious climate commitments, including a target to achieve net zero greenhouse gas emissions by 2040, as part of the Net Zero Asset Managers initiative. The bank aims to align all investments with the Paris Agreement on an aggregated level. Additionally, it has established specific intensity reduction targets, such as a 60% reduction in car manufacturing emissions compared to a 2020 baseline by 2030, and a 43% reduction in power generation emissions over the same period. The bank's long-term strategy includes reducing absolute CO2 emissions to near zero by 2045, with interim milestones of 66% reduction by 2025 and 75% by 2030. These commitments reflect SEB's proactive approach to addressing climate change and its impact on the financial sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 6,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 2,674,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | 7,346,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000,000 |
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.
Skandinaviska Enskilda Banken AB (publ) 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.
