Swedbank AB
Swedbank's Climate Target Data Preview
As of 2024, Swedbank has disclosed 7 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 5 intensity-based 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 Swedbank's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Downstream Leased Assets (Cat. 13) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2030 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel from Unspecified Activities | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Weighted Average Carbon Intensity / Portfolio Companies (WACI) | 0000000 | 2030 |
Verified Sources Behind Swedbank’s Climate Targets Data
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Insights into Swedbank's Greenhouse Gas Emissions Pathways
As of 2024, Swedbank has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.a
Does Swedbank have a target to reduce the emissions from its value chain?
As of 2024, Swedbank 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
Swedbank's most ambitious value chain target is to reduce these emissions by 59% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2019.a
As of 2023, Swedbank is ahead of schedule on its value chain emissions reduction target, having achieved 84.75% of the planned reduction.a
Swedbank's Value Chain (Scope 3) Emissions Pathway
Does Swedbank have a target to reduce its total carbon footprint?
As of 2024, Swedbank has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
Swedbank's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 25,013 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019, by 60% by 2030.a
As of 2024, Swedbank is ahead of schedule on its total carbon footprint reduction target, having achieved 97.62% of the planned reduction.a