Swedbank
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.
DitchCarbon Score
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.
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
Swedbank's score of 63 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Swedbank's reported carbon emissions
In 2024, Swedbank reported total carbon emissions of approximately 10,253,729,000 kg CO2e, with Scope 1 emissions at about 853,000 kg CO2e, Scope 2 emissions (market-based) at approximately 3,417,000 kg CO2e, and Scope 3 emissions reaching about 10,249,459,000 kg CO2e. This marks a significant increase in emissions compared to previous years, particularly in Scope 3, which encompasses indirect emissions from the bank's value chain. For 2023, Swedbank's emissions in Sweden were reported at approximately 9,902,000 kg CO2e, while total emissions across the Baltic region (including Latvia and Estonia) were approximately 3,415,000 kg CO2e and 2,718,000 kg CO2e, respectively. The bank has set ambitious climate commitments, aiming to align its aggregate fund capital with the Paris Agreement's target to limit global warming to 1.5°C by 2025. Additionally, Swedbank Robur has committed to achieving net-zero emissions by 2040. The bank's previous targets included a 60% reduction in its own greenhouse gas emissions (Scope 1 and 2) from 2010 to 2018, which it has since expanded to include all scopes by 2030. Swedbank is also a member of the Science Based Targets initiative (SBTi), committing to long-term net-zero targets by 2050. Overall, Swedbank's climate strategy reflects a proactive approach to managing its carbon footprint while addressing the broader impacts of its financial activities.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 16,583,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 19,893,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | - | - | 00,000,000,000 |
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.
Swedbank is participating in some 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.
