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.
+23 vs industry average
Swedbank’s score of 58 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Swedbank's reported carbon emissions
In 2024, Swedbank reported total carbon emissions of approximately 10.3 billion kg CO2e, comprising 853,000 kg CO2e from Scope 1, 3,417,000 kg CO2e from Scope 2, and a significant 10.2 billion kg CO2e from Scope 3 emissions, primarily from investments and business travel. This total reflects the bank's ongoing commitment to addressing climate change and aligns with its broader sustainability goals. Swedbank has set ambitious climate targets, aiming to achieve net-zero emissions by 2050. In the near term, the bank plans to reduce its direct greenhouse gas emissions by 60% by 2030 compared to a 2019 baseline, covering Scope 1, Scope 2, and parts of Scope 3 emissions. Additionally, Swedbank Robur aims to align its aggregate fund capital with the Paris Agreement's target to limit global warming to 1.5°C by 2025. The bank's initiatives include a commitment to increase sustainable lending volumes by at least three times by 2027, compared to a 2022 baseline. Swedbank is also a member of the Science Based Targets initiative (SBTi), reinforcing its dedication to transparent and science-based climate action. Overall, Swedbank's emissions data and climate commitments reflect a proactive approach to sustainability, positioning the bank as a leader in the financial sector's response to climate change.
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Swedbank’s Climate Goals (2030 & 2050)
4 goals2030
60% reduction in Scope 2
Swedbank's climate targets for its own operations to reduce greenhouse gas emissions by 60 per cent by 2030 compared with the baseline year…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 4 climate goals
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Swedbank’s sustainability data and climate commitments
Data year: 2024
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