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Svenska Handelsbanken AB

Common Name
Svenska Handelsbanken
Country
Sweden
Sector
Financial Services
Industry
Banks - Diversified
Employees
11,715
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 GHG Emissions Data Preview

In 2024, Svenska Handelsbanken completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Svenska Handelsbanken has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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a
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b
0000000
Location-Based
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a
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b
0000000
Total Scope 3
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a
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a
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
0000000
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Verified Sources Behind Svenska Handelsbanken’s Greenhouse Gas (GHG) Emissions 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
a. Svenska Handelsbanken's Annual Report 2024
b. Svenska Handelsbanken's Annual Report 2023
b. Svenska Handelsbanken's Annual Report 2023
c. Svenska Handelsbanken's Sustainability Data Spreadsheet 2022
c. Svenska Handelsbanken's Sustainability Data Spreadsheet 2022

Insights into Svenska Handelsbanken's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofSvenska Handelsbanken amounted to4,611metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Svenska Handelsbankendecreased by 3.9%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Svenska Handelsbanken's Scope 1 Emissions Over Time

201920202021202220232024085170255340tCO2e-40%+1313%-12%-48%-7%
  • Total Scope 1
  • Year-over-Year Change

What are Svenska Handelsbanken's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Svenska Handelsbanken were 143 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Svenska Handelsbanken reduced its Scope 1 emissions over time?

Since 2019, Svenska Handelsbanken's Scope 1 emissions have increased by 257.5%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Svenska Handelsbanken's Scope 1 emissions decreased by 7.14%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Svenska Handelsbanken's Scope 2 emissions?

In 2024, Svenska Handelsbanken reported Scope 2 greenhouse gas (GHG) emissions of 2,205 tCOâ‚‚e using the market-based method and 4,468 tCOâ‚‚e using the location-based method.a

Has Svenska Handelsbanken reduced its Scope 2 emissions over time?

Since 2019, Svenska Handelsbanken's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 46.61%, reflecting a declining long-term trend in Scope 2 emissions over time.ac

Compared to the previous year(2023), Svenska Handelsbanken's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Svenska Handelsbanken's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Svenska Handelsbanken use for Scope 2 reporting?

In 2024, Svenska Handelsbanken reported its Scope 2 emissions using the market-based method and using the location-based method.a

Svenska Handelsbanken's Scope 2 Emissions Over Time

20192020202120222023202402.5 k5 k7.5 k10 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Svenska Handelsbanken's Value Chain Emissions

In 2024, Svenska Handelsbanken reported 46,059,746 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Svenska Handelsbanken includes a breakdown across 5of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Svenska Handelsbanken's Scope 3 Emissions Over Time

201920202021202220232024015 M30 M45 M60 MtCO2e-27%+729094%-100%+678436%+6%
  • Total Scope 3
  • Year-over-Year Change

What are Svenska Handelsbanken's Scope 3 emissions?

In 2024, Svenska Handelsbanken reported total Scope 3 emissions of 46,059,746 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 0.01%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.99%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Svenska Handelsbanken reduced its Scope 3 emissions over time?

Since 2019, Svenska Handelsbanken's Scope 3 emissionshave increased by 589,125.35%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Svenska Handelsbanken's Scope 3 emissions remained relatively stable, indicating that Svenska Handelsbanken's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Svenska Handelsbanken disclose?

In 2024, Svenska Handelsbanken reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Svenska Handelsbanken's Scope 3 emissions?

In 2024, the largest contributors to Svenska Handelsbanken's Scope 3 emissions were:a

  • Investments (Cat. 15): 46,053,756 tCOâ‚‚e(99.99%)
  • Purchased Goods and Services (Cat. 1): 2,714 tCOâ‚‚e(0.01%)
  • Business Travel (Cat. 6): 2,489 tCOâ‚‚e(0.01%)

Svenska Handelsbanken's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

Insights into Svenska Handelsbanken’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Svenska Handelsbanken reported Scope 1 greenhouse gas (GHG) emissions of 143 tCOâ‚‚e and total revenues of USD 5,652 millions. This translates into an emissions intensity of 0.03 tCOâ‚‚e per millions USD.a

Svenska Handelsbanken's Scope 1 Emissions Intensity Compared to Peers

202002,00020,000200,000Scope 1 Emissions (tCO2e)1001,00010,00050,000500,000Revenues (Millions of USD)Westpac BankingYear: 2024Scope 1: 6,262 tCO2eRevenue: $M 14,924Scope 1 Intensity: 0.42 tCO2e/$MNational Australia BankYear: 2024Scope 1: 5,635 tCO2eRevenue: $M 14,262Scope 1 Intensity: 0.40 tCO2e/$MSkandinaviska Enskilda BankenYear: 2024Scope 1: 695 tCO2eRevenue: $M 7,409Scope 1 Intensity: 0.09 tCO2e/$MQatar National BankYear: 2024Scope 1: 10,768 tCO2eRevenue: $M 11,107Scope 1 Intensity: 0.97 tCO2e/$MJPMorgan Chase & CoYear: 2024Scope 1: 100,024 tCO2eRevenue: $M 169,446Scope 1 Intensity: 0.59 tCO2e/$MToronto-Dominion BankYear: 2024Scope 1: 39,292 tCO2eRevenue: $M 40,407Scope 1 Intensity: 0.97 tCO2e/$MProCredit HoldingYear: 2023Scope 1: 1,000 tCO2eRevenue: $M 479Scope 1 Intensity: 2.09 tCO2e/$MANZ Group HoldingsYear: 2024Scope 1: 5,958 tCO2eRevenue: $M 14,072Scope 1 Intensity: 0.42 tCO2e/$MWells Fargo & CoYear: 2024Scope 1: 79,285 tCO2eRevenue: $M 82,297Scope 1 Intensity: 0.96 tCO2e/$MSMBC GroupYear: 2025Scope 1: 13,570 tCO2eRevenue: $M 33,781Scope 1 Intensity: 0.40 tCO2e/$MING GroepYear: 2023Scope 1: 6,200 tCO2eRevenue: $M 24,990Scope 1 Intensity: 0.25 tCO2e/$MBanco SantanderYear: 2024Scope 1: 35,503 tCO2eRevenue: $M 66,435Scope 1 Intensity: 0.53 tCO2e/$MScotiabank ChileYear: 2024Scope 1: 77 tCO2eRevenue: $M 1,678Scope 1 Intensity: 0.05 tCO2e/$MChina Construction BankYear: 2024Scope 1: 63,760 tCO2eRevenue: $M 102,707Scope 1 Intensity: 0.62 tCO2e/$MBank of CommunicationsYear: 2024Scope 1: 19,935 tCO2eRevenue: $M 35,409Scope 1 Intensity: 0.56 tCO2e/$MBank of Nova ScotiaYear: 2024Scope 1: 25,475 tCO2eRevenue: $M 24,145Scope 1 Intensity: 1.06 tCO2e/$MABN Amro BankYear: 2024Scope 1: 1,459 tCO2eRevenue: $M 9,258Scope 1 Intensity: 0.16 tCO2e/$MAlpha BankYear: 2024Scope 1: 3,252 tCO2eRevenue: $M 2,383Scope 1 Intensity: 1.36 tCO2e/$MBBVAYear: 2024Scope 1: 41,856 tCO2eRevenue: $M 40,827Scope 1 Intensity: 1.03 tCO2e/$MBarclaysYear: 2024Scope 1: 8,949 tCO2eRevenue: $M 32,913Scope 1 Intensity: 0.27 tCO2e/$MRoyal Bank of CanadaYear: 2024Scope 1: 23,090 tCO2eRevenue: $M 41,299Scope 1 Intensity: 0.56 tCO2e/$MNational Bank of CanadaYear: 2024Scope 1: 2,640 tCO2eRevenue: $M 8,194Scope 1 Intensity: 0.32 tCO2e/$MDoha BankYear: 2023Scope 1: 245 tCO2eRevenue: $M 774Scope 1 Intensity: 0.32 tCO2e/$MSvenska HandelsbankenYear: 2024Scope 1: 143 tCO2eRevenue: $M 5,652Scope 1 Intensity: 0.03 tCO2e/$M

How does Svenska Handelsbanken's GHG emissions intensity compare to its peers?

In 2024, Svenska Handelsbanken reported a Scope 1 emissions intensity of 0.03 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.53, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Svenska Handelsbanken rank on GHG emissions intensity within its industry?

In 2024, Svenska Handelsbanken ranked 1 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Svenska Handelsbanken among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Svenska Handelsbanken's Total Carbon Footprint

In 2024, Svenska Handelsbanken reported a total carbon footprint of 46,064,357 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.25% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Svenska Handelsbanken's total carbon footprint was Scope 3 emissions, accounting for 99.99% of the company's total carbon footprint, followed by Scope 2 emissions at 0.01%.a

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