Volvofinans Bank
Volvofinans Bank, a prominent financial institution headquartered in Sweden, has been serving the automotive sector since its establishment in 1999. With a strong focus on providing tailored financial solutions, the bank operates primarily in the Nordic region, catering to both individual and corporate clients. Specialising in automotive financing, Volvofinans Bank offers a range of unique products, including car loans, leasing options, and insurance services, all designed to enhance the customer experience. The bank's close affiliation with the Volvo brand sets it apart, ensuring that clients receive expert advice and support tailored to their needs. Recognised for its commitment to innovation and customer satisfaction, Volvofinans Bank has solidified its position as a key player in the automotive finance industry, continually striving to meet the evolving demands of its clientele.
DitchCarbon Score
How does Volvofinans Bank'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
Volvofinans Bank's score of 10 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Volvofinans Bank's reported carbon emissions
In 2022, Volvofinans Bank reported total carbon emissions of approximately 279,000,000 kg CO2e. This figure includes 154,000 kg CO2e from Scope 1 emissions, which pertain to direct emissions from owned or controlled sources, and 1,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 278,840,000 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions that occur in the value chain. Currently, there are no publicly disclosed reduction targets or significant climate commitments from Volvofinans Bank. This lack of specific initiatives suggests that while the bank is aware of its carbon footprint, it has yet to establish formal strategies or targets for reducing its emissions. As the financial sector increasingly prioritises sustainability, Volvofinans Bank may need to consider setting measurable goals to align with industry standards and expectations.
Unlock detailed emissions data
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Add to project| 2022 | |
|---|---|
| Scope 1 | 154,000 |
| Scope 2 | 1,000 |
| Scope 3 | 278,840,000 |
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.
Volvofinans Bank is not committed to any 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.
