Banco Sabadell

Diversified Banks

SAB.MC

€ 1.2 5.2

Share price

$ 7.1 bn

Market Cap

$ 7.1 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.02x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

FY2022

Banco Sabadell aims to reduce Scope 1 + 2 by 14.2% by 2025 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

FY2022

Banco Sabadell aims to reduce all Scopes by 36.1% by 2025 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Banco Sabadell reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2021 at 5 Kt (-0.51 /-9.2% y-o-y). Also positively, carbon intensity decreased to 1 t (-0.3 /-23.1% y-o-y).

Banco Sabadell's Scope 3 emissions decreased to 2.3 Kt (-1.1 /-33.4% y-o-y). This is broadly in line with the declining trend (CAGR -36.1%) since 4Q'19.

The company is committed to reducing Scope 1 + 2 by 14.2% by 2025 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing all Scopes by 36.1% by 2025 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Carbon offsets	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	5	5	0.01	2.3	(3.6)	4,827	1
2020Q4	5.5	5.5	0.03	3.4		4,165	1.3
2019Q4	11	6.1	5.3	8.7		4,793	2.4
2018Q4	4.5	4.5	0.02	5.6		5,030	0.9
2017Q4	0.79	0.76	0.02	3.3		5,109	0.2
2016Q4	0.7	0.65	0.05	3.5		5,419	0.1
2015Q4	3.9	0.6	3.3	3.9		4,424	0.9

Banco Sabadell

Carbon footprint

Primary Climate Goal

Banco Sabadell aims to reduce Scope 1 + 2 by 14.2% by 2025 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it

Secondary Climate Goal

Banco Sabadell aims to reduce all Scopes by 36.1% by 2025 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it

GHG emissions and Carbon intensity

Banco Sabadell's carbon footprint

Company environmental metrics