Swedfund
Swedfund International AB, commonly known as Swedfund, is a prominent development finance institution headquartered in Sweden (SE). Established in 1979, Swedfund focuses on sustainable investments in emerging markets, primarily across Africa, Asia, and Latin America. The organisation plays a vital role in the development finance industry, providing capital and expertise to foster economic growth and reduce poverty. Specialising in equity investments, loans, and guarantees, Swedfund is dedicated to supporting businesses that promote sustainable development and social impact. Its unique approach combines financial returns with a commitment to environmental, social, and governance (ESG) principles. Over the years, Swedfund has achieved significant milestones, positioning itself as a leader in responsible investment, and has garnered recognition for its contributions to sustainable development goals (SDGs).
DitchCarbon Score
How does Swedfund'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
Swedfund's score of 57 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Swedfund's reported carbon emissions
In 2024, Swedfund reported total carbon emissions of approximately 583,900,000 kg CO2e, with Scope 1 emissions at about 100,000 kg CO2e, Scope 2 emissions at approximately 4,400,000 kg CO2e, and significant Scope 3 emissions of around 579,400,000 kg CO2e, primarily from business travel. This marks a reduction from 2023, where total emissions were about 828,900,000 kg CO2e, with Scope 1 at 200,000 kg CO2e, Scope 2 at approximately 4,200,000 kg CO2e, and Scope 3 at around 824,500,000 kg CO2e. Swedfund has set ambitious climate commitments, aiming for a greenhouse gas-neutral investment portfolio by 2045. This long-term goal encompasses all scopes of emissions, with a focus on reducing emissions per Swedish krona invested, using 2020 as the baseline year. The organisation is currently on track for its two-year targets but has not met its five-year targets yet. The emissions data is cascaded from its parent company, Swedfund International AB, reflecting the broader corporate family’s commitment to sustainability. Swedfund's initiatives align with the Paris Agreement, emphasising investments in projects that contribute positively to climate goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 300,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 3,500,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 774,100,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 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.
Swedfund 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.
