Primary Climate Goal
Swedbank AB's target annual all Scopes emissions for 2030 should be equal to 15 Kt = 60% * 38 Kt, according to the company's stated climate goal.
In order to achieve this goal, Swedbank AB would need to reduce its emissions at least by -0.46 Kt per annum over the period from 2022 to 2030:
-0.46 Kt = ( 15 Kt - 19 Kt ) / (2030 - 2021)
This translates into a -2.4% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Swedbank AB aims to reduce all Scopes by 60% by 2030 from a base year 2019
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Swedbank AB reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 15 Kt (-1.8 /-10.6% y-o-y).
Swedbank AB's Scope 3 emissions declined to 3.9 Kt (
The company is committed to reducing all Scopes by 60% by 2030 from a base year 2019, which translates into the estimated reduction of -0.46 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.