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Home › Bank profiles
Svenska HandelsbankenSweden
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Created on: 2017-02-06 15:14:03
Last update: 2021-11-19 12:29:41

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Head office Svenska Handelsbanken, Stockholm. Photo: I99pema via Wikimedia Commons (CC BY-SA 3.0)

About Svenska Handelsbanken

Svenska Handelsbanken AB (Handelsbanken) was founded in 1871 in Stockholm. The bank is a Swedish full-service bank for both private and corporate customers, mainly operating in Sweden, United Kingdom, Denmark, Finland, Norway and the Netherlands.

Website http://www.handelsbanken.com
Headquarters
Kungsträdgårdsgatan 2
SE-106 70 Stockholm
Sweden
CEO/chair Carina Akerstrom
CEO
Supervisor
Riksbank
Annual report Annual integrated report 2020
Ownership
listed on Stockholm Stock Exchange

Svenska Handelsbanken's shareholder structure can be accessed here.

Complaints and grievances

Related Dodgy Deals

Svenska Handelsbanken has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Targets
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Active profiles
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On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Svenska Handelsbanken
2021-08-31
SWE
2020
0
0
1.000000001E+27
0
Sweden
Profile
Reporting period
2020
PF deals under EP
0
Project names reported
0
% Project names reported
20210831
Last update: 2021-08-31
Explanation

EP reporting page: https://equator-principles.com/reporting-svenska-handelsbanken-ab-publ-2020/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

Banks and Climate

Bank net zero commitments

BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
Svenska Handelsbanken
2021-11-04
SWE
-10000
Sweden
Profile
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
20211104
Last update: 2021-11-04
Explanation

Svenska Handelsbanken joined the NZBA in April 2021

References
2021-6-1

Handelsbanken is proud to be a member of the UN initiative Net-Zero Banking Alliance (NZBA)

2021-6-1 | Handelsbanken
Explanation

This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.

  • A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
  • An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.

Abbreviations:

CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

New report exposes billions in European financial support to companies in illegal Israeli settlements

2021-09-29 | Don't Buy Into Occupation
blog
external news
our news

Swedish banks contribute to Amazon deforestation

2021-09-21 | Fair Finance Guide Sweden
blog
external news
our news

New bank climate initiative fails to grasp urgent need to end finance for fossil fuels

Civil society statement on the launch of the Net-Zero Banking Alliance
2021-04-22 | Nijmegen | BankTrack, urgewald, Amazon Watch, Bank on our Future, Indigenous Environmental Network, Market Forces, Positive Money, Rainforest Action Network, Reclaim Finance, ShareAction, Sierra Club
blog
external news
our news

Leading finance firms sign up to Mark Carney forum on low-carbon investment

2021-04-21 | The Guardian
blog
external news
our news

DNB, SEB and Nordea among biggest Scandinavian fossil fuel lenders

2021-02-02 | Environmental Finance
blog
external news
our news

Scandinavian banks poured $67 billion into the fossil fuel industry since Paris

New report finds ongoing finance for coal, oil and gas companies, with little commitments to phase-out from fossil fuels
2021-02-01 | Nijmegen, Copenhagen, Oslo, Stockholm | BankTrack, ActionAid Denmark, Fair Finance Guide Norway, Fair Finance Guide Sweden, Oxfam IBIS, Profundo
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Swedish banks linked to the war in Yemen

The seven largest banks in Sweden continue to finance and invest billions in companies involved in controversial arms exports, for example to countries participating in the Yemen conflict. This is shown in a follow-up report by Diakonia and the Fair Finance Guide.
2020-02-06 | Diakonia, Fair Finance Guide Sweden
blog
external news
our news

Handelsbanken signs up to the UN Principles for Responsible Banking

2019-09-23 | Stockholm | Svenska Handelsbanken
blog
external news
our news

Imagine a World with No Bank Bonuses

2018-02-26 | Bloomberg
blog
external news
our news

New report linking Nordic banks and government pension funds to Indonesia’s palm oil deforestation

Nordic investments to Asian banks support rapacious palm oil producers with financing that impedes push for sustainability
2017-05-30 | Oslo, Norway | Fair Finance Guide Norway, Fair Finance Guide Sweden, Rainforest Foundation Norway
blog
external news
our news

Banks and pension funds fail to act on allegations against Lundin Petroleum

2017-04-27 | Fair Finance Guide Sweden, Swedwatch
blog
external news
our news

Scandinavian banks linked to violations of indigenous peoples’ rights in Borneo

2017-03-07 | Stockholm, Sweden | Fair Finance Guide Sweden, Swedwatch
blog
external news
our news

Swedish banks invest in controversial arms trade

2016-09-14 | Fair Finance Guide Sweden

Documents

Type:
Year:
csr policies
2022-06-13 00:00:00

Exclusion of fossil fuel financing

Date listed represents date as accessed on website
2022-06-13 00:00:00 | Svenska Handelsbanken
csr policies
2022-06-13 00:00:00

Environment and climate change policy

2022-06-13 00:00:00 | Svenska Handelsbanken
csr policies
2022-05-25 00:00:00

Climate change/fossil fuel policy in SWEDISH

2022-05-25 00:00:00 | Svenska Handelsbanken
ngo documents
2021-08-24 00:00:00

Investing in troubled waters

The material risks of fish mortality and the use of wild-caught fish in feed for the aquaculture sector
2021-08-24 00:00:00 | Feedback, Changing Markets Foundation, CFFA, and WSRW
annual reports
2021-08-10 00:00:00

Annual integrated report 2020

2021-08-10 00:00:00 | Svenska Handelsbanken
csr policies
2021-05-12 00:00:00

Environment and climate change guidelines

2021-05-12 00:00:00 | Svenska Handelsbanken
csr policies
2021-05-12 00:00:00

Human rights and working conditions guidelines

2021-05-12 00:00:00 | Svenska Handelsbanken
csr policies
2021-05-12 00:00:00

Armaments and defence industry guidelines

2021-05-12 00:00:00 | Svenska Handelsbanken
csr policies
2021-05-12 00:00:00

Business relations in forestry and farming guidelines

2021-05-12 00:00:00 | Svenska Handelsbanken
csr policies
2021-05-12 00:00:00

Tobacco industry guidelines

2021-05-12 00:00:00 | Svenska Handelsbanken
csr policies
2021-05-11 00:00:00

Managing taxes guidelines

2021-05-11 00:00:00 | Svenska Handelsbanken
other documents
2021-04-21 00:00:00

Commitment statement Net Zero Banking Alliance

2021-04-21 00:00:00 | UNEP FI Principles for Responsible Banking
csr policies
2021-03-24 00:00:00

Sustainability policy

2021-03-24 00:00:00 | Svenska Handelsbanken
our publications
2021-02-01 00:00:00

Banking on Thin Ice

Exposing Scandinavian Bank Finance for Fossil Fuels
2021-02-01 00:00:00 | BankTrack, Fair Finance Guide Norway, Fair Finance Guide Sweden, Oxfam IBIS, ActionAid Denmark
csr policies
2020-12-01 00:00:00

Sectors exclusion list

Date listed represents date as accessed on website
2020-12-01 00:00:00 | Handelsbanken Asset Management
annual reports
2020-07-01 00:00:00

Annual report 2019

2020-07-01 00:00:00 | Svenska Handelsbanken
annual reports
2020-07-01 00:00:00

CSR report 2019

2020-07-01 00:00:00 | Svenska Handelsbanken
csr policies
2020-03-10 00:00:00

Policy for shareholder engagement and responsible investments

2020-03-10 00:00:00 | Handelsbanken Fonder
ngo documents
2019-05-21 00:00:00

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
2019-05-21 00:00:00 | Europe Beyond Coal
csr policies
2019-04-30 00:00:00

Responsible investment excluded companies

Date listed represents date as accessed on website
2019-04-30 00:00:00 | Svenska Handelsbanken
annual reports
2019-04-16 00:00:00

Annual report 2018

2019-04-16 00:00:00 | Svenska Handelsbanken
annual reports
2019-04-16 00:00:00

CSR report 2018

2019-04-16 00:00:00 | Svenska Handelsbanken
csr policies
2019-03-27 00:00:00

Policy for ethical standards

2019-03-27 00:00:00 | Svenska Handelsbanken
bank documents
2019-03-27 00:00:00

Policy for management of conflicts of interest in the Handelsbanken Group

2019-03-27 00:00:00 | Svenska Handelsbanken
csr policies
2019-03-27 00:00:00

Policy on measures against financial crime

2019-03-27 00:00:00 | Svenska Handelsbanken
ngo documents
2018-11-07 00:00:00

Still Undermining Our Future?!

A case study for Fair Finance Guide International of Swedish financial institutions
2018-11-07 00:00:00 | Profundo
ngo documents
2018-09-30 00:00:00

Still Irresponsible Investments

A study of Swedish banks' investments in companies linked to human rights abuses
2018-09-30 00:00:00 | FFG Sweden, Amnesty International
csr policies
2018-09-13 00:00:00

Policy for responsible investments

2018-09-13 00:00:00 | Svenska Handelsbanken
annual reports
2018-05-28 00:00:00

Annual report 2017

2018-05-28 00:00:00 | Svenska Handelsbanken
annual reports
2018-05-28 00:00:00

Sustainability report 2017

2018-05-28 00:00:00 | Svenska Handelsbanken
ngo documents
2017-05-30 00:00:00

Nordic investments in banks financing Indonesian palm oil

2017-05-30 00:00:00 | Rainforest Foundation Norway, FFG Sweden and FFG Norway
annual reports
2017-04-01 00:00:00

Annual Report 2016

2017-04-01 00:00:00 | Svenska Handelsbanken
csr policies
2017-03-29 00:00:00

Policy against corruption

2017-03-29 00:00:00 | Svenska Handelsbanken
annual reports
2017-02-16 00:00:00

Sustainability Report 2016

2017-02-16 00:00:00 | Handelsbanken
csr policies
2016-06-08 00:00:00

Guidelines regarding business relations with companies with operations within fossil fuels

2016-06-08 00:00:00 | Svenska Handelsbanken
annual reports
2016-03-31 00:00:00

Annual report 2015

2016-03-31 00:00:00 | Svenska Handelsbanken
annual reports
2016-03-31 00:00:00

Sustainability report 2015

2016-03-31 00:00:00 | Svenska Handelsbanken
bank documents
2016-03-16 00:00:00

Policy for management of conflicts of interest in the Handelsbanken Group

2016-03-16 00:00:00 | Handelsbanken Group
ngo documents
2015-06-30 00:00:00

Irresponsible Investments

A study of Swedish banks' investments in companies linked to human rights abuses
2015-06-30 00:00:00 | FFG Sweden, Amnesty International

Links

Sustainability at Handelsbanken

https://www.handelsbanken.com/en/sustainability

Policies

Voluntary standards

Svenska Handelsbanken has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Equator Principles
  • Global Reporting Initiative
  • Net-Zero Banking Alliance (NZBA)
  • OECD Guidelines for Multinational Enterprises
  • Principles for Responsible Banking (PRB)
  • Principles for Responsible Investment (PRI)
  • Task Force on Climate-related Financial Disclosures
  • UNEP Finance Initiative
  • United Nations Global Compact

Investment policies

Svenska Handelsbanken's webpage on corporate social responsibility can be accessed here.

Year:
csr policies
2022-06-13 00:00:00

Exclusion of fossil fuel financing

Date listed represents date as accessed on website
2022-06-13 00:00:00 | Svenska Handelsbanken
csr policies
2022-06-13 00:00:00

Environment and climate change policy

2022-06-13 00:00:00 | Svenska Handelsbanken
csr policies
2022-05-25 00:00:00

Climate change/fossil fuel policy in SWEDISH

2022-05-25 00:00:00 | Svenska Handelsbanken
csr policies
2021-05-12 00:00:00

Environment and climate change guidelines

2021-05-12 00:00:00 | Svenska Handelsbanken
csr policies
2021-05-12 00:00:00

Human rights and working conditions guidelines

2021-05-12 00:00:00 | Svenska Handelsbanken
csr policies
2021-05-12 00:00:00

Armaments and defence industry guidelines

2021-05-12 00:00:00 | Svenska Handelsbanken
csr policies
2021-05-12 00:00:00

Business relations in forestry and farming guidelines

2021-05-12 00:00:00 | Svenska Handelsbanken
csr policies
2021-05-12 00:00:00

Tobacco industry guidelines

2021-05-12 00:00:00 | Svenska Handelsbanken
csr policies
2021-05-11 00:00:00

Managing taxes guidelines

2021-05-11 00:00:00 | Svenska Handelsbanken
csr policies
2021-03-24 00:00:00

Sustainability policy

2021-03-24 00:00:00 | Svenska Handelsbanken
csr policies
2020-12-01 00:00:00

Sectors exclusion list

Date listed represents date as accessed on website
2020-12-01 00:00:00 | Handelsbanken Asset Management
csr policies
2020-03-10 00:00:00

Policy for shareholder engagement and responsible investments

2020-03-10 00:00:00 | Handelsbanken Fonder
csr policies
2019-04-30 00:00:00

Responsible investment excluded companies

Date listed represents date as accessed on website
2019-04-30 00:00:00 | Svenska Handelsbanken
csr policies
2019-03-27 00:00:00

Policy for ethical standards

2019-03-27 00:00:00 | Svenska Handelsbanken
csr policies
2019-03-27 00:00:00

Policy on measures against financial crime

2019-03-27 00:00:00 | Svenska Handelsbanken
csr policies
2018-09-13 00:00:00

Policy for responsible investments

2018-09-13 00:00:00 | Svenska Handelsbanken
csr policies
2017-03-29 00:00:00

Policy against corruption

2017-03-29 00:00:00 | Svenska Handelsbanken
csr policies
2016-06-08 00:00:00

Guidelines regarding business relations with companies with operations within fossil fuels

2016-06-08 00:00:00 | Svenska Handelsbanken

Equator Principles

Implementation and reporting

Contact and complaints

Good moves

Year:

2020

Handelsbanken decided to stop investing in arms companies through their investment funds

A report published by Fair Finance Guide Sweden in February 2020 analysed Sweden's largest banks' policies concerning controversial arms trade. It found that Handelsbanken, in 2018, decided to phase out all investments in arms from its actively and passively managed investment funds as well as multi-asset…
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