Svenska Handelsbanken AB

Common Name
Svenska Handelsbanken
Country
Sweden
Sector
Financial Services
Industry
Banks - Diversified
Employees
11,608
Ticker
SHB A
Exchange
NASDAQ STOCKHOLM AB
Description
Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally...

Svenska Handelsbanken's Climate Target Data Preview

As of 2024, Svenska Handelsbanken has disclosed 5 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 4 intensity-based target targets, 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 Svenska Handelsbanken ’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
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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b
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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b
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced
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b
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Swedish Krona (SEK) of Enterprise Value Including Cash / Portfolio companies (EVIC)
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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 Svenska Handelsbanken’s Climate Targets Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Svenska Handelsbanken’s data sources below and access millions more through our Disclosure Search.

a. Svenska Handelsbanken's Annual Report 2024
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b. Svenska Handelsbanken's ClimateWise Report 2023
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Insights into Svenska Handelsbanken's Greenhouse Gas Emissions Pathways

As of 2024, Svenska Handelsbanken 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 b

Does Svenska Handelsbanken have a target to reduce the emissions from its operations?

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

Svenska Handelsbanken's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 3,057 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021. a

As of 2024, Svenska Handelsbanken is ahead of schedule on its operational emissions reduction target, having achieved 46.38% of the planned reduction. a

Svenska Handelsbanken's Operational (Scope 1+2) Emissions Pathway

20212024203008001.6 k2.4 k3.2 kBaselineCurrent (-23%)Target 2030 (-50%)

Does Svenska Handelsbanken have a target to reduce the emissions from its value chain?

As of 2024, Svenska Handelsbanken 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 b

Svenska Handelsbanken's most ambitious value chain target is to reduce these emissions by 72% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2021. a b

Instead of reducing value chain emissions, Svenska Handelsbanken has increased them, with 2023 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target. a b

Svenska Handelsbanken's Value Chain (Scope 3) Emissions Pathway

20212023203000000BaselineCurrent (+27%)Target 2030 (-72%)
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