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.
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.
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.
Swedbank's score of 56 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Swedbank reported total carbon emissions of approximately 19,777,000 kg CO2e globally. This includes 692,000 kg CO2e from Scope 1 emissions, 3,678,000 kg CO2e from Scope 2 emissions, and a significant 15,407,000 kg CO2e from Scope 3 emissions. In Sweden specifically, the bank's emissions totalled about 9,902,000 kg CO2e. Swedbank has set ambitious climate commitments, aiming to achieve net-zero emissions by no later than 2050. The bank plans to reduce its direct greenhouse gas emissions by 60% from 2019 levels by 2030, encompassing all scopes of emissions. These targets are aligned with the Science Based Targets initiative (SBTi), which further underscores their commitment to sustainable financing and climate action. Overall, Swedbank's proactive approach to reducing its carbon footprint reflects its dedication to addressing climate change and promoting sustainability within the financial sector.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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 committed to some reduction initiatives 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.