With some 80 per cent of our lending exposure linked to real estate, which currently consumes 35-50 per cent of final energy, and is responsible for 5-15 per cent of greenhouse gas emissions in Sweden and the Baltic countries, we focus on enabling more energy-efficient properties in our home markets.

By focusing on accelerated energy efficiency in properties, we aim to help unlock significant energy savings of up to an estimated 90-100TWh by 2040. That is about a fifth of Sweden’s annual energy consumption. Energy savings of this magnitude can benefit individuals, businesses and society at large. By supporting investments in energy efficiency, we help reduce emissions, lower energy costs, and build a more resilient future.

Affordable, secure, and clean energy

The energy transition aims to secure affordable, secure, and clean energy for all while achieving climate neutrality in line with the Paris Agreement and reducing reliance on fossil fuels.

The main challenges involve the massive physical transformation required, including managing the variability of renewables, scaling new low-emissions technologies, building supporting infrastructure like energy grids and storage, and ensuring affordability and security. Addressing market barriers and administrative burdens is also crucial.

Solutions that need scaling include enhancing energy efficiency, deploying renewable energy sources, developing energy storage and grid flexibility, and exploring clean energy carrier technologies.