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 36 is higher than 85% 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 36,614,802,000 kg CO2e. This figure includes Scope 1 emissions of about 695,000 kg CO2e, Scope 2 emissions of approximately 3,139,000 kg CO2e (market-based), and a significant Scope 3 total of around 36,610,968,000 kg CO2e, which encompasses financed emissions and other indirect sources. The bank has set ambitious reduction targets, aiming for a 35% reduction in Scope 3 emissions by 2030, specifically focusing on heavy vehicle manufacturing, with a target of 0.9% of new sales being zero-emission vehicles. This commitment reflects SEB's proactive approach to addressing climate change and reducing its overall carbon footprint. Historically, in 2019, SEB's total emissions were reported at approximately 21,774,000 kg CO2e, with Scope 1 emissions at about 4,000 kg CO2e, Scope 2 at around 1,807,000 kg CO2e, and Scope 3 at approximately 19,963,000 kg CO2e. This indicates a substantial increase in emissions over the years, particularly in Scope 3, which highlights the importance of their current reduction initiatives. SEB's climate commitments align with industry standards, demonstrating a clear understanding of the need for comprehensive strategies to mitigate climate impact across all scopes of emissions.
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| 2005 | 2006 | 2007 | 2019 | 2020 | 2021 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 17,200,000 | 00,000,000 | 00,000,000 | 0,000 | 0,000 | 0,000 | 000,000 |
| Scope 2 | 9,400,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,729,421,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 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.
