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 83% 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 39,000,000 kg CO2e. This figure includes 695,000 kg CO2e from Scope 1 emissions, 3,139,000 kg CO2e from market-based Scope 2 emissions, and a significant 36,610,968,000 kg CO2e from Scope 3 emissions, which primarily stem from investments. 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 approximately 11,678,000 kg CO2e. The previous year, 2022, saw total emissions of around 11,610,000 kg CO2e, with similar distributions across the scopes. 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. Additionally, the bank aims for a 66% reduction in absolute CO2 emissions by 2025 and 75% by 2030, with a long-term goal of nearly zero emissions by 2045. Specific intensity reduction targets include a 60% reduction in car manufacturing emissions and a 43% reduction in power generation emissions, both compared to a 2020 baseline. These commitments reflect SEB's proactive approach to addressing climate change and aligning its operations with the Paris Agreement. The emissions data and reduction targets are not cascaded from any parent organization, indicating that SEB independently reports and manages its climate impact.
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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.
