Our climate impact

We continuously work to stop and counteract climate change in our operations, both direct and indirect

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Reducing climate impact

Indirect impact

Most of our environmental impact comes from business we finance and invest in. It is therefore important to influence and demand ways to minimize the impact from these business. Our goal is to create good returns on investments and at the same time working towards a more sustainable future.

Responsible investment

Direct consequences

Through the reduction in our paper usage and choosing remote meetings instead of unnecessary travelling we directly reduce our impact on the climate. This has all been made possible with digital innovations and through new insights. We measure our direct environmental impact in all six home markets, which represent 97 percent of our employees. We are continuously working to minimise the carbon dioxide emissions generated in our operations. Our goal is to continually reduce such emissions and our overall environmental impact, all in line with the Paris Agreement and the Sustainable Development Goals.

Global goals

Initiatives we support

In our effort to fight climate change we support a number of initiatives.

Initiatives

Our effort to reduce climate impact

Reducing CO2 emissions

Our goal is to minimise our environmental impact by constantly developing its environmental activities. To achieve this, we are boosting resource efficiency and recycling, for example, and taking environmental impacts into account in purchasing and travel. The Bank's own CO2 emissions are to be reduced over time, well in line with the Paris Agreement. As part of the Bank's efforts for the environment, we purchase carbon offsets for the CO2 emissions that our operations generate.

In 2019, the Bank’s total CO2 emissions decreased by 5 per cent, emissions per employee by 6.5 per cent. Since 2013, the Bank’s yearly CO2 emissions have decreased by almost 7 100 tonnes.
Since 2013, annual electricity consumption has decreased by 12 300 MWh. This is equivalent to the average amount of energy consumed by 615 single-family homes in a year.
In 2018 business travel by train in Sweden increased by 53 per cent. For the whole group the corresponding number was 7 per cent. Business travel by air decreased for the whole group.

Sustainability within the Bank

Our sustainability work encompasses the whole of the Group’s operations in all markets.

Sustainability