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2022-06-02 00:00:00
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Created before Nov 2016
Last update: 2021-12-01 00:00:00

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Swedbank's head office in Sundbyberg, Sweden. Photo: Bysmon via Wikimedia Commons (CC BY SA 4.0)

About Swedbank

Swedbank AB is a Nordic-Baltic banking group offering retail banking, asset management, financial, and other services. The banking group was founded in 1997 as Föreningssparbanken AB. The group changed its name to Swedbank AB in September 2006.

Website http://www.swedbank.com
Headquarters
Landsvägen 40
172 63 Sundbyberg
Sweden
CEO/chair Jens Henriksson
President and CEO
Supervisor
Riksbank
Annual report Annual report 2020
Ownership
listed on Stockholm Stock Exchange

Swedbank's shareholder structure can be accessed here.

Subsidiaries
Swedbank Försäkring – Sweden
Swedbank Robur – Sweden
Complaints and grievances

Swedbank does not operate a compaints channel for individuals or communities that might have been affected by the bank's finance.

Stakeholders may raise complaints via the OECD National Contact Point (OECDC Watch).

Related Dodgy Deals

Swedbank 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

Banks and Climate

Bank net zero commitments

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

Swedbank joined the NZBA in May 2021

References
2021-6-1

Net Zero Banking Alliance

2021-6-1 | UNEP FI
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

Svenska banker på lista över investerare som gynnar militären i Myanmar

2021-05-27 | Dagens Nyheter
blog
external news
our news

As Nordic banks aim to go greener, lending lags asset management pledges

2021-04-20 | S&P Global
blog
external news
our news

Förbjud bankernas stöd till fossilbolagen

Bankernas finansiella verksamhet är en blind fläck i det svenska klimatarbetet. Trots Parisavtalet fortsätter svenska banker att låna ut hundratals miljarder kronor till bolag inom kol, olja och gas. Nu måste regeringen täppa till luckan i klimathandlingsplanen så att inte bankerna kan låna ut pengar till fossilbolag som inte vill eller kan ställa om, skriver Naturskyddsföreningen och Sveriges Konsumenter.
2021-02-02 | Expressen
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

Storbankerna stänger dörren för fossilbolag: ”Kommer tacka nej till kunder”

Svenska storbanker inför hårdare klimatkrav för att finansiera fossilindustrin. Redan i år kommer SEB att börja fasa ut engagemang i kol-, gas- och oljesektorn, och Swedbank slutar helt med nyutlåning till okonventionell utvinning.
2021-02-01 | Dagens industry
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

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

Swedbank May Have Breached US Sanctions Against Russia, SVT Reports

2019-11-20 | Stockholm | The Wall Street Journal
blog
external news
our news

Swedbank adopts the Equator Principles

2019-10-28 | Equator Principles Association
blog
external news
our news

Swedbank has signed the UN Principles for Responsible Banking

2019-09-10 | Swedbank
blog
external news
our news

These Are the Banks Caught Up in the Russia Money-Laundering Scandal

2019-03-06 | 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
blog
external news
our news

Swedish banks in breach of human rights guidelines

2015-06-17 | Stockholm | Amnesty International, Swedish Consumers’ Association, Fair Finance Guide
blog
external news
our news

Fair Finance Guide launches in Sweden

Swedish banks score poorly on sustainability
2015-01-23 | Stockholm | Fair Finance Guide

Documents

Type:
Year:
csr policies
2021-10-25 00:00:00

Position statement climate change

2021-10-25 00:00:00 | Swedbank
csr policies
2021-09-23 00:00:00

Environmental policy

2021-09-23 00:00:00 | Swedbank
csr policies
2021-09-23 00:00:00

Sustainability policy

2021-09-23 00:00:00 | Swedbank
csr policies
2021-07-15 00:00:00

Human rights policy

2021-07-15 00:00:00 | Swedbank
annual reports
2021-06-08 00:00:00

Annual report 2020

2021-06-08 00:00:00 | Swedbank
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
2021-03-30 00:00:00

Sector guidelines energy

2021-03-30 00:00:00 | Swedbank
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
2020-11-13 00:00:00

Exclusion list

as of November 2020
2020-11-13 00:00:00 | Swedbank
annual reports
2020-07-01 00:00:00

Annual integrated report 2019

2020-07-01 00:00:00 | Swedbank
csr policies
2020-07-01 00:00:00

Sector Guidelines: Electronics

2020-07-01 00:00:00 | Swedbank
csr policies
2020-07-01 00:00:00

Sector Guidelines: Forestry

2020-07-01 00:00:00 | Swedbank
csr policies
2020-07-01 00:00:00

Sector Guidelines: Metals and Mining

2020-07-01 00:00:00 | Swedbank
csr policies
2020-07-01 00:00:00

Sector Guidelines: Agriculture, Fisheries and Animal welfare

2020-07-01 00:00:00 | Swedbank
csr policies
2020-06-08 00:00:00

Position Statement Defence Equipment

2020-06-08 00:00:00 | Swedbank
csr policies
2019-12-05 00:00:00

Code of Conduct

Date listed represents date as accessed on website
2019-12-05 00:00:00 | Swedbank
csr policies
2019-04-11 00:00:00

Sustainability criteria in lending to companies

2019-04-11 00:00:00 | Swedbank
annual reports
2018-12-31 00:00:00

Annual and Sustainability Report 2018

2018-12-31 00:00:00 | Swedbank
bank documents
2018-12-31 00:00:00

Climate Review 2018

2018-12-31 00:00:00 | Swedbank
bank documents
2018-12-31 00:00:00

Compiled Sustainability Information 2018

2018-12-31 00:00:00 | Swedbank
bank documents
2018-12-31 00:00:00

Green Bond Impact Report 2018

2018-12-31 00:00:00 | Swedbank
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
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
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
annual reports
2015-04-02 00:00:00

Annual Report 2013

2015-04-02 00:00:00 | Swedbank
annual reports
2015-04-02 00:00:00

Sustainability Report 2013

2015-04-02 00:00:00 | Swedbank
annual reports
2015-04-02 00:00:00

Annual Report 2014

& Sustainability Report
2015-04-02 00:00:00 | Swedbank
csr policies
2013-07-25 00:00:00

Anti-corruption policy

2013-07-25 00:00:00 | Swedbank
annual reports
2013-03-12 00:00:00

Sustainability Report 2012

2013-03-12 00:00:00 | Swedbank
annual reports
2013-03-11 00:00:00

Annual Report 2012

2013-03-11 00:00:00 | Swedbank

Links

Fair Finance Guide Sverige

Fair Finance Guide Sweden
http://fairfinanceguide.se/banks/banker/swedbank/

Sustainability page Swedbank

https://www.swedbank.com/sustainability.html

Policies

Voluntary standards

Swedbank has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Equator Principles
  • Global Reporting Initiative
  • ISO 14001
  • Montreal Carbon Pledge
  • Net-Zero Banking Alliance (NZBA)
  • Principles for Responsible Banking (PRB)
  • Principles for Responsible Investment (PRI)
  • Science Based Targets
  • Task Force on Climate-related Financial Disclosures
  • UN Guiding Principles on Business and Human Rights
  • UNEP Finance Initiative
  • United Nations Global Compact

Investment policies

Swedbank's web page on corporate social responsibility can be accessed here.

Year:
csr policies
2021-10-25 00:00:00

Position statement climate change

2021-10-25 00:00:00 | Swedbank
csr policies
2021-09-23 00:00:00

Environmental policy

2021-09-23 00:00:00 | Swedbank
csr policies
2021-09-23 00:00:00

Sustainability policy

2021-09-23 00:00:00 | Swedbank
csr policies
2021-07-15 00:00:00

Human rights policy

2021-07-15 00:00:00 | Swedbank
csr policies
2021-03-30 00:00:00

Sector guidelines energy

2021-03-30 00:00:00 | Swedbank
csr policies
2020-11-13 00:00:00

Exclusion list

as of November 2020
2020-11-13 00:00:00 | Swedbank
csr policies
2020-07-01 00:00:00

Sector Guidelines: Electronics

2020-07-01 00:00:00 | Swedbank
csr policies
2020-07-01 00:00:00

Sector Guidelines: Forestry

2020-07-01 00:00:00 | Swedbank
csr policies
2020-07-01 00:00:00

Sector Guidelines: Metals and Mining

2020-07-01 00:00:00 | Swedbank
csr policies
2020-07-01 00:00:00

Sector Guidelines: Agriculture, Fisheries and Animal welfare

2020-07-01 00:00:00 | Swedbank
csr policies
2020-06-08 00:00:00

Position Statement Defence Equipment

2020-06-08 00:00:00 | Swedbank
csr policies
2019-12-05 00:00:00

Code of Conduct

Date listed represents date as accessed on website
2019-12-05 00:00:00 | Swedbank
csr policies
2019-04-11 00:00:00

Sustainability criteria in lending to companies

2019-04-11 00:00:00 | Swedbank
csr policies
2013-07-25 00:00:00

Anti-corruption policy

2013-07-25 00:00:00 | Swedbank

Equator Principles

Implementation and reporting

Contact and complaints

Good moves

Year:
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