Skandinaviska Enskilda Banken AB (publ) Sustainability Profile
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 73 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 36.6 billion kg CO2e. This figure includes Scope 1 emissions of about 695,000 kg CO2e, Scope 2 emissions of approximately 3.1 million kg CO2e (market-based), and a significant Scope 3 total of about 36.6 billion kg CO2e, which encompasses various categories such as investments and business travel. The bank has set ambitious reduction targets, aiming for a 20% reduction in both Scope 1 and Scope 2 emissions over the period from 2016 to 2020. Additionally, it has committed to achieving net zero greenhouse gas emissions by 2040 across all scopes, aligning its investment strategies with the Paris Agreement through the Net Zero Asset Managers initiative. In 2023, the bank's total emissions were reported at approximately 13.3 million kg CO2e, with Scope 1 emissions at about 796,000 kg CO2e, Scope 2 emissions at approximately 777,000 kg CO2e, and Scope 3 emissions reaching about 11.7 million kg CO2e. This demonstrates a proactive approach to managing and reducing its carbon footprint. Overall, SEB's climate commitments reflect a strong dedication to sustainability and responsible investment practices, positioning the bank as a leader in the financial sector's response to climate change.
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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 |
How Carbon Intensive is Skandinaviska Enskilda Banken AB (publ)'s Industry?
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Skandinaviska Enskilda Banken AB (publ)'s Scope 3 Categories Breakdown
Skandinaviska Enskilda Banken AB (publ)'s Scope 3 emissions, which increased significantly last year and increased significantly since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
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Skandinaviska Enskilda Banken AB (publ)'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.
Skandinaviska Enskilda Banken AB (publ) 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.
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