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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 143a | 154a | 299b | |
Total Scope 2 | ||||
Market-Based | 2,205a | 2,295a | 2,616b | |
Location-Based | 4,468a | 4,644a | 5,052b | |
Total Scope 3 | 46,059,746a | 43,351,634a | 6,389b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0253a | 0.025a | 0.0632b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Svenska Handelsbanken amounted to 4,611 metric 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 Handelsbanken decreased by 3.9%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Svenska Handelsbanken were 143 metric tons of CO₂ equivalent (tCO₂e).a
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
In 2024, Svenska Handelsbanken reported Scope 2 greenhouse gas (GHG) emissions of 2,205 tCO₂e using the market-based method and 4,468 tCO₂e using the location-based method.a
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
In 2024, Svenska Handelsbanken reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Svenska Handelsbanken reported 46,059,746 metric tons of CO₂ equivalent (tCO₂e) 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 5 of 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
In 2024, Svenska Handelsbanken reported total Scope 3 emissions of 46,059,746 metric tons of CO₂ equivalent (tCO₂e).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
Since 2019, Svenska Handelsbanken's Scope 3 emissions have 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
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.
In 2024, the largest contributors to Svenska Handelsbanken's Scope 3 emissions were:a
In 2024, Svenska Handelsbanken reported Scope 1 greenhouse gas (GHG) emissions of 143 tCO₂e and total revenues of USD 5,652 millions. This translates into an emissions intensity of 0.03 tCO₂e per millions USD.a
In 2024, Svenska Handelsbanken reported a Scope 1 emissions intensity of 0.03 tCO₂e per millions USD. Compared to the peer group median of 0.65, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Svenska Handelsbanken ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Svenska Handelsbanken among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Svenska Handelsbanken reported a total carbon footprint of 46,064,357 metric tons of CO₂ equivalent (tCO₂e) 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