Swedbank
Swedbank AB, commonly referred to as Swedbank, is a leading financial institution headquartered in Sweden (SE). Established in 1820, the bank has evolved into a prominent player in the Nordic and Baltic regions, providing a wide range of banking services to millions of customers. Operating primarily in Sweden, Estonia, Latvia, and Lithuania, Swedbank focuses on retail banking, corporate banking, and asset management. Its core offerings include personal and business accounts, loans, mortgages, and investment services, distinguished by a strong commitment to digital innovation and customer-centric solutions. With a robust market position, Swedbank has achieved notable milestones, including a significant presence in sustainable finance, reflecting its dedication to responsible banking practices. The bank continues to be recognised for its stability and customer trust, making it a key player in the European banking landscape.
DitchCarbon Score
How does Swedbank'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
Swedbank's score of 63 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Swedbank's reported carbon emissions
In 2024, Swedbank reported total carbon emissions of approximately 10,253,729,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 10,249,459,000 kg CO2e. Scope 1 emissions were reported at about 853,000 kg CO2e, while Scope 2 emissions totalled approximately 3,417,000 kg CO2e (market-based). For 2023, Swedbank's total emissions in Sweden were approximately 9,902,000 kg CO2e, with global emissions including Scope 1 at about 692,000 kg CO2e and Scope 2 at approximately 3,678,000 kg CO2e. Swedbank has set ambitious climate commitments, aiming to align its aggregate fund capital with the Paris Agreement's target to limit global warming to 1.5°C by 2025. Additionally, the bank targets net-zero emissions across all scopes by 2050, with a specific goal to reduce direct greenhouse gas emissions by 60% from 2019 to 2030. These commitments are part of Swedbank's broader strategy to enhance sustainable financing and contribute to global climate goals. The bank is a member of the Science Based Targets initiative (SBTi) and has committed to long-term net-zero targets, reflecting its dedication to addressing climate change effectively.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 16,583,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 19,893,000 | 00,000,000 | 00,000,000 | 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.
Swedbank is participating in some 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.
