Swedbank AB, commonly referred to as Swedbank, is a leading financial institution headquartered in Sweden (SE). Established in 1820, the bank has evolved to become a prominent player in the financial intermediation services sector, specifically excluding insurance and pension funding services. With a strong presence in the Nordic and Baltic regions, Swedbank offers a comprehensive range of services, including retail banking, corporate banking, and asset management.
The bank is renowned for its commitment to sustainability and digital innovation, providing unique solutions tailored to meet the diverse needs of its customers. Swedbank's market position is bolstered by its extensive customer base and a robust network of branches, making it a trusted partner in financial services. Over the years, Swedbank has achieved significant milestones, reinforcing its reputation as a reliable and forward-thinking financial institution.
+24 vs industry average
Swedbank’s score of 59 is higher than 74% 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
Swedbank, a financial intermediation services provider headquartered in Sweden, has set ambitious climate targets, including achieving net-zero emissions by 2050 and aligning its lending and investment portfolios with the 1.5-degree Celsius target.
In terms of emissions data, Swedbank reported approximately 10.25 billion kg CO2e for 2024, with Scope 1 emissions at about 853,000 kg CO2e, Scope 2 at approximately 3.42 million kg CO2e, and Scope 3 emissions, primarily from investments, at about 10.25 billion kg CO2e. For 2023, total emissions were approximately 10.5 billion kg CO2e, comprising Scope 1 of around 692,000 kg CO2e, Scope 2 at approximately 3.68 million kg CO2e, and Scope 3 at about 4.4 million kg CO2e from business travel.
The bank aims to reduce its direct greenhouse gas emissions (Scope 1, 2, and 3) by 60% between 2019 and 2030, compared to a 2019 baseline. Furthermore, Swedbank Robur, an asset management arm, targets aligning its aggregate fund capital with the Paris Agreement by 2025 and achieving net-zero emissions by 2040. The bank also has an ambition to triple its sustainable lending volumes by 2027, based on a 2022 baseline.
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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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