Alandsbanken Abp

Country
Finland
Sector
Financial Services
Industry
Banks - Regional
Employees
1,014
Ticker
ALBAV
Exchange
NASDAQ HELSINKI LTD
Description
Ålandsbanken Abp is a comprehensive banking institution offering a wide range of financial services tailored to both personal and corporate clients. Located in the Åland Islands and listed on the Hels...

Alandsbanken Abp's Climate Target Data Preview

As of 2024, Alandsbanken Abp has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Alandsbanken Abp ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Upstream Leased Assets (Cat. 8), Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
Copy restricted. Please purchase to unlock this data.
a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Alandsbanken Abp’s Climate Targets Data

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a. Alandsbanken Abp's Annual Report 2024
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Insights into Alandsbanken Abp's Greenhouse Gas Emissions Pathways

As of 2024, Alandsbanken Abp has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Alandsbanken Abp have a target to reduce the emissions from its operations?

As of 2024, Alandsbanken Abp has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Alandsbanken Abp's most ambitious operational target is to reduce these emissions by 51% by 2030, compared to a baseline of 511 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021. a

As of 2024, Alandsbanken Abp is ahead of schedule on its operational emissions reduction target, having achieved 69.45% of the planned reduction. a

Alandsbanken Abp's Operational (Scope 1+2) Emissions Pathway

2021202420300150300450600BaselineCurrent (-35%)Target 2030 (-51%)

Does Alandsbanken Abp have a target to reduce the emissions from its value chain?

As of 2024, Alandsbanken Abp has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Alandsbanken Abp's most ambitious value chain target is to reduce these emissions by 26% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) in 2021. a

Instead of reducing value chain emissions, Alandsbanken Abp has increased them, with 2024 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target. a

Alandsbanken Abp's Value Chain (Scope 3) Emissions Pathway

20212024203000000Current (+2%)Target 2030 (-26%)

Does Alandsbanken Abp have a target to reduce its total carbon footprint?

As of 2024, Alandsbanken Abp has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources. a

Alandsbanken Abp's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 2,317,762 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021, by 50% by 2030. a

Instead of reducing total carbon footprint, Alandsbanken Abp has increased them, with 2024 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target. a

Alandsbanken Abp's Carbon Footprint (Scope 1+2+3) Emissions Pathway

2021202420300750 k1.5 M2.25 M3 MBaselineCurrent (+21%)Target 2030 (-50%)
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