Skandinaviska Enskilda Banken AB (publ)
Skandinaviska Enskilda Banken AB (publ), commonly known as SEB, is a prominent financial institution headquartered in Stockholm, Sweden. Established in 1856, SEB has evolved into a leading player in the Nordic banking sector, with a strong presence across Sweden, Denmark, Norway, Finland, and the Baltic countries. The bank operates primarily in the financial services industry, offering a diverse range of products including corporate banking, investment management, and retail banking. SEB is recognised for its innovative solutions tailored to meet the needs of both individual and corporate clients. With a commitment to sustainability and digital transformation, SEB has achieved notable milestones, positioning itself as a trusted partner in the financial landscape. Its dedication to customer service and robust financial performance underscores its status as a key player in the Nordic market.
DitchCarbon Score
How does Skandinaviska Enskilda Banken AB (publ)'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Skandinaviska Enskilda Banken AB (publ)'s score of 41 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Skandinaviska Enskilda Banken AB (publ)'s reported carbon emissions
In 2024, Skandinaviska Enskilda Banken AB (publ) reported total carbon emissions of approximately 39,000,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 36,610,968,000 kg CO2e. The bank's Scope 1 emissions were reported at about 695,000 kg CO2e, while Scope 2 emissions totalled approximately 3,139,000 kg CO2e (market-based). The bank has set ambitious reduction targets, aiming for a 20% reduction in both Scope 1 and Scope 2 emissions over the period from 2016 to 2020. Additionally, they have committed to achieving a 35% reduction in emissions from heavy vehicle manufacturing, specifically targeting zero-emission vehicles in new sales by 2030. SEB's commitment to sustainability is further demonstrated by their initiatives to reduce business travel emissions, which saw a 15% decrease in carbon dioxide emissions from travellers in 2007 due to a 9% reduction in one-day flights. Overall, SEB's climate commitments reflect a proactive approach to managing their carbon footprint, with a focus on both operational efficiencies and broader industry impacts.
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| 2024 | |
|---|---|
| Scope 1 | 695,000 |
| Scope 2 | 3,139,000 |
| Scope 3 | 36,610,968,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Skandinaviska Enskilda Banken AB (publ) is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
