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 58 is higher than 98% 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 significant carbon emissions, totalling approximately 23,035,070 kg CO2e for Scope 1, 4,340,475 kg CO2e for Scope 2, and 16,080,762 kg CO2e for Scope 3 emissions. This highlights the bank's substantial carbon footprint, particularly in its supply chain and purchased goods and services. Swedbank has set ambitious climate commitments, aiming to reduce its direct greenhouse gas emissions by 60% by 2030, which corresponds to a reduction of about 15,008 tonnes CO2e. This target encompasses all scopes of emissions, including Scope 1, Scope 2, and Scope 3. Additionally, the bank is committed to achieving net-zero emissions by no later than 2050, aligning with global climate goals. Historically, Swedbank aimed for a 60% reduction in its greenhouse gas emissions from 2010 to 2018, focusing on improving energy efficiency and reducing travel. The bank's ongoing initiatives reflect a strong commitment to sustainability and responsible banking practices, positioning it as a leader in the financial sector's response to climate change.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,017,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000,000 |
| Scope 2 | 6,014,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000,000 |
| Scope 3 | 19,952,000 | 00,000,000 | 0,000,000 | 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.
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.
